If recent history is any guide, investors are likely to be happy with JPMorgan’s earnings report, while Wells Fargo investors are set to be disappointed.
Over the past 12 quarters, Wells Fargo’s stock has fallen on the day earnings were reported seven times, with an average loss on down times, of 2.4%.
In comparison, JPMorgan’s stock has gained ground after nine of the past 12 earnings reports, with an average gain on up days of 3.04%.
