Bank of America Corp. (NYSE: BAC) reported Q2 earnings this morning (Wednesday) that were dragged down by mounting litigation costs in addition to a decline in mortgage originations.
Wells Fargo & Co. (NYSE: WFC) kicked off second-quarter bank earnings season Friday morning. While the bank didn’t deliver any surprises, its numbers failed to impress.
Shares of the largest U.S. bank by market cap, up 28.5% since October, fell nearly 2% to $50.82 on brisk volume following the uninspiring report.
2014 Q2 Earnings Calendar: The unofficial start to earnings season launches today (Tuesday) with Alcoa Inc. (NYSE: AA) reporting second quarter numbers after the close.
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