Low interest rates plague Bank of America, Wells Fargo earnings

For the third time in five months, the San Francisco bank made a downward revision. An executive cited the impact of lower interest rates.

Here’s your strategy to take advantage of today’s dropping interest rates. The stock is down over 21% in the last 12 months, compared to the S&P 500’s 1.2% drop. And yet, Toll Brothers management is predicting 2016 revenue to grow about 25% annually along with solid growth in efficiency and profits.

U.S. banking customers have been told over the past decade that their returns on savings were low because of near-zero interest rates at the Federal Reserve.. Bank of America and Wells Fargo.

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Beware: All Banks In Same Interest Rate Climate As Wells Fargo One consultant says other banks may have been tempted to do the same things as Wells Fargo. (iStockphoto)

"Fresh rate cuts by major central banks and a sharp decline in bond yields [have] heaped new pressure on U.S. bank stocks, which have been swept up in a trade war-fueled bout of market volatility this week. Investors have grown increasingly wary that a weaker interest rate environment will knock earnings in the financial sector.

*Net interest margin computed by dividing net interest income by average interest-earning assets at Bank of America and Wells Fargo of $1.83 trillion and $1.57 trillion, respectively.

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If You Own Wells Fargo Stock, Non-Interest Income Is a Real Worry Whether rates are cut or not, the financials behind Wells Fargo stock are concerning By Josh Enomoto , InvestorPlace Contributor.

View today’s mortgage rates for fixed and adjustable-rate loans. Get a custom rate based on your purchase price, down payment amount and ZIP code and explore your home loan options at Bank of America.

Wells Fargo Bank is a publicly traded bank that operates as a subsidiary of Wells Fargo & Company, one of the largest financial holding companies in the world. The bank is one of the largest in the United States as measured by assets as well as deposits.

Negative Effects Held back by the low interest rate environment. it’s hard to expect that Bank of America’s earnings would be valued higher than Wells Fargo’s (NYSE:WFC) P/E ratio of 12.7. This is.