NEW YORK - The stronger U.S. Banks are set to report on Wednesday and Thursday. PNC USB and Wells are 3 of the 6 largest banks in the country. Along with J.P. Morgan shares of the three companies are virtually unchanged since 2007. These banks have done a remarkable in preserving shareholder value while others banks have gone into bankruptcy and lost tremendous shareholder value.
Wells Fargo up 28% from Q3 and the fourth largest bank in the country will report on Wednesday. Wells' is often seen as a benchmark for other strong financial institutions. The current estimate is for Wells to report 61 cents a share or $3.2 billion. To see the full Wells Fargo report click here
U.S. Bancorp the fifth largest bank in the U.S., is up 20% since it reported Q3 will also report on Wednesday. The estimate is that U.S. Bancorp will report $880 million of profit or 46 cents a share.
PNC Financial will report on Thursday, and analysts expect the company to report $724 million of profit or $1.38 a share. PNC is only up 21% since Q3 despite reporting a profit higher than U.S. Bancorp's. To see the the full PNC report click here.
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