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Friday DrumRoll>WFC Wells Fargo and JPM JP Morgan before the open>

Book value is considered a floor for Wells Fargo and a cap for the rest of the money-center banks.

Estimates for Wells Fargo are UP at $0.87 EPS and $21.42 billion in revenue (versus $0.72 EPS and $19.63 billion a year ago. Wells Fargo’s book value was listed as $26.06 per share last quarter, which is well under the $35.84 Fr close.


J.P. Morgan’s estimates are UP for $1.21 EPS and $24.46 billion in revenue (versus $1.02 EPS and $24.37 billion a year ago). Dimon’s team listed a book value of $48.40 per share last quarter with shares under $42 currently.
Expected is the final tally on the London Whale trading losses.