WFC Earnings SWOT; plus bond non-summary
Pulled some strengths, weaknesses, opportunities and threats from Wells Fargo's earnings report.
Declining net interest margin and lower home loan volume are areas of concern, but there are sevaral bright spots to offset the concerns.
Disclosure: Long WFC and planning to get longer.
PS - No summary of last week's bonds today. Nothing of much interest in the new issues. Several international development or export/import banks borrowed, FedEx shipped two issues, but didn't say where the money was going.