Wall Street slips as bank earnings disappoint
NEW YORK (Reuters) – Stocks fell on Friday after revenue from Wells Fargo disappointed investors, offsetting a jump in consumer sentiment to a five-year high. Wells Fargo , the biggest U. S. home lender, lost 3. 3 percent to $34. 03 after its total quarterly revenue of $21. 2 billion missed analysts’ forecasts. That shortfall prompted investors to sell other bank shares, in spite of a record quarterly profit reported on Friday by JPMorgan Chase & Co . Shares of JPMorgan slid 1 percent to $41. 68. The KBW Bank index lost 2. 5 percent. . . .
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