Investors will pay special attention to what Wells Fargo has to say this Friday, July 12, when it announces its performance figures for the second quarter of the year as the banking giant will kick-start the earnings season among banks along with JPMorgan Chase – setting the stage for the other banks to follow over the coming weeks. While expectations remain high from the country’s largest bank by market capitalization, thanks to the string of record earnings it has churned out over several quarters now, concerns about shrinking net interest margins are bound to figure at the top of investors’ minds.
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