The bank's mortgage business was great in the first quarter, but the lending business was a different story.
| Tags: | BACfinancial servicesWFC |
March retail sales exceed forecasts, but higher borrowing costs for Spain weigh on sentiment.
Investors are betting most heavily and consistently on a recovery in US housing and consumer spending.
Earnings from JPMorgan and Wells Fargo beat the Street this time, but the companies' gains from mortgage activity may not be sustainable.
Outdoor recreation retailer is positioned for strong growth.
For every argument that the bulls make to support their belief that the market's runup is for real, a counter-argument is readily presented by skeptics.
Expectations are that first-quarter earnings will be slightly lower this year.
The troubled company didn't have enough capital on hand to satisfy the Federal Reserve.
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