Earnings Preview: JPMorgan and Wells Fargo

The second quarter earnings will be released tomorrow, Friday 13 July, for two major banks JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Company (NYSE:WFC). Here is a roundup of what the analysts are saying: JPMorgan Chase Q2 2012 Preview 715 of the analysts grade JPMorgan Chose & Co. (NYSE:JPM) with a buy status. The collective predictions of analysts and trends to watch for are: Analysts expect the US bank to post earnings of 79-81 cents/ share, this is approximately 38% less from the previous year when reported earnings were $1.27/share The revenues are expected to fall 28.3% year-over-year to $21.91…