Wall Street Reports a Mixed Earnings Bag in Q4

Well, that was a mixed bag. It was a major week for financial institutions, with a hefty handful of the biggest players reporting fourth-quarter earnings yesterday. There were signs of strength, with Bank of America posting record fourth-quarter income in its wealth unit, but overall, investors were unimpressed. Wells Fargo’s stock fell 5% Wednesday, while Bank of America’s and JPMorgan’s declined 4%. The earnings calls may not have been what some analysts were expecting, but executives said they were sti ...