Watch Out JPMorgan Chase: Wells Fargo Is Coming for You

The largest U.S. banks recently reported third-quarter earnings, and for the most part, it was a blowout. Both JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) raised forecasts for net interest income, one of their primary sources of revenue, and credit costs seemed manageable.But one of the big takeaways came from Wells Fargo, when management provided an outlook for significantly higher returns on equity. Its targets are now comparable to best-in-class JPMorgan, which is why the country's largest and arguably strongest bank may want to be on the lookout.The presidential election of Donald Trump brings a much more favorable regulatory environment for banks. Coming into the year, Wells Fargo still operated under an asset cap after a series of regulatory violations, preventing the bank from expanding for more than seven years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool