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Bank of America analyst Erika Najarian questions $WFC what its strongest levers are for backing EPS growth if flatter yield curve persists & there are no rate hikes from the Fed. CFO John Shrewsberry says that if rates are going to remain lower, $WFC will work hard at earning asset growth. Since loan portfolio is growing, $WFC is growing allowance.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?