Are the Monster Banks making Money at Wells Fargo & Bank of America? — Market Mad House
Many people will wonder if monster banks, such as Wells Fargo (NYSE: WFC), are still a value investment. Investors fear the economic and political chaos rocking America will destroy the monster banks.
Monster bankers are suffering. Stockrow estimates Wells Fargo & Company’s (NYSE: WFC) revenue growth rate fell by -19.65% in the quarter ending on 31 March 2020. Similarly, Bank of America’s (NYSE: BAC) revenue growth shrank by -7.17% in the same period.