John Stumpf

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  JPMorgan, Wells Fargo See Double-Digit Q1 Profits but Shares Fall on Low Revenue

  By Joyce Hanson, AdvisorOne  |  April 12, 2013

  JPM and WFC both offset lower profit margins on loans by setting aside less money to cover bad mortgage loans.

• Wirehouses Boost Wealth Results

  By Janet Levaux, AdvisorOne  |  February 22, 2013

  Bank of America reported a 63% drop in net income for the fourth quarter of 2012.

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  Wells Fargo Tops Q4 Estimates, Boosts Advisor Headcount

  By Janet Levaux, AdvisorOne  |  January 11, 2013

  Net income in the fourth quarter rose to $0.91 a share, as sales hit nearly $22 billion at the wirehouse and the number of advisors rose.

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  12 Best & Worst Broker-Dealers: Q3 Earnings

  By Janet Levaux, AdvisorOne  |  November 15, 2012

  Earnings fell as much as 88%, but also jumped over 70% within the broker-dealer industry—AdvisorOne spotlights the six best and six worst performers.

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  JPMorgan, Wells See Big Q3 Profits as Bank Lending Returns

  By Joyce Hanson, AdvisorOne  |  October 12, 2012

  Investors looking for good news found it Friday as JPMorgan and Wells Fargo both reported double-digit profits for the third quarter.

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  JPMorgan, Wells Fargo Beat Views as Q1 Earnings Season Kicks Off

  By Joyce Hanson, AdvisorOne, Janet Levaux, AdvisorOne  |  April 13, 2012

  The finance sector on Friday launched the first-quarter 2012 earnings season with unexpectedly good results from JPMorgan Chase and Wells Fargo.

• Most Earnings Top Estimates on Mixed Advisor-Headcount News

  By Janet Levaux, AdvisorOne  |  November 23, 2011

  Bank of America reported net income of $6.2 billion, or $0.56 per share, for the third quarter vs. a net loss of $7.3 billion, or $0.77 per share, last year — topping analysts’ estimates by a wide margin. Revenue, net of interest expense (and calculated on a fully taxable-equivalent basis)...

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  Confidence in Economy Sinks to 2009 Lows

  By Gil Weinreich, AdvisorOne  |  October 25, 2011

  Chase's Dimon blames crisis of confidence on 9% unemployment, but Fed Governor Tarullo laments that the U.S. labor market has lost its former dynamism.

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  Q3 Earnings: Wells Fargo Misses Estimates; Assets, Advisors Decline

  By Janet Levaux, AdvisorOne  |  October 17, 2011

  Wells Fargo missed its third-quarter earnings estimates and says it now has 15,188 financial advisors, down slightly from 15,194 in the second quarter of 2011 and 15,236 in the first quarter.

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  Q2 Earnings: Wells Fargo Beats Estimates; Advisor Headcount Drops

  By Janet Levaux, AdvisorOne  |  July 19, 2011

  With 15,194 financial advisors and about 3,800 bankers, Wells Fargo now has 18,989 licensed professional, which is 205 less than in Q1.