JPMorgan Chase & Co. (JPM), Wells Fargo & Co (WFC): Dow Jones Industrial Average (.DJI) Stumbles After Record High

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon also noted that he expects the pressure on net interest margins to continue, putting increased strain on revenue. Wells Fargo & Co (NYSE:WFC) CEO John Stumpf stated that he doesn’t feel that the current environment is conducive to earnings growth.

On deck
As investors look for more than just the bottom line, increased pressure is building on banks that will present their earnings next week — namely Bank of America Corp (NYSE:BAC) on Wednesday and Citigroup Inc (NYSE:C) on Monday. As a component of the Dow Jones Industrial Average (INDEXDJX:.DJI), B of A is not helping the index this morning, down by 1.3% so far. But both of these banks have done something that the other two didn’t have to — rebuild after the financial crisis.

If investors are really looking for banks to have solid internals, Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) may have the competition beat, since both streamlined operations and have been working heavily on improving the entire business. Though neither may meet the record-high earnings of JPMorgan Chase & Co. (NYSE:JPM) or Wells Fargo & Co (NYSE:WFC), investors may still take great stock in any reported progress made by either bank.

The article Dow Stumbles After Record High originally appeared on Fool.com is written by Jessica Alling.

Fool contributor Jessica Alling has no position in any stocks mentioned, but you can contact her here. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo.

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