How our banks Morgan Stanley and Wells Fargo performed against peers this earnings season

Traders work on the ground on the New York Stock Exchange (NYSE) in New York City, U.S., December 1, 2023.

Brendan Mcdermid | Reuters

Earnings from America’s largest banks are in, and they had been messy.

Investors needed to look previous billions of {dollars} in particular funds to replenish the federal government’s deposit backstop after the fallout from final 12 months’s Silicon Valley Bank failure. Management groups had been additionally attempting to forecast the transferring goal of what number of Federal Reserve rate of interest cuts to count on this 12 months.

Here’s how our monetary names, Morgan Stanley and Wells Fargo, stacked up against their peers.

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