JPMorgan, Wells Fargo Earnings Show Tight Bank Business

The word on the street may be that the economy of the United States is recovering, but you wouldn't know it from the earnings reports released by JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co (NYSE WFC) this morning, Friday, April 11. Both big banks showed that there's a long road ahead for the financial sector.

Wells Fargo & Co (NYSE:WFC) showed earnings of $1.05 per share for the first quarter of 2014 on revenue of $20.6 billion. While that bank beat analysts' expectations of 96 cents per share it saw a decline in year-on-year revenue....