SOURCE: Paragon Financial Limited

Paragon Financial Limited

October 17, 2012 08:20 ET

JPMorgan and Wells Fargo Benefiting From Low Mortgage Rates, Posts Strong Earnings

The Paragon Report Provides Stock Research on JPMorgan and Wells Fargo

NEW YORK, NY--(Marketwire - Oct 17, 2012) - The U.S. Banking Industry has continued to outperform the broader markets despite concerns of a global economic slowdown. The SPDR S&P Bank ETF has gained nearly 20 percent year-to-date, outpacing the S&P 500 Index's gain of 14 percent. Citigroup, JP Morgan, and Wells Fargo have all recently reported strong third quarter earnings. The Paragon Report examines investing opportunities in the Banking Industry and provides equity research on JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Company (NYSE: WFC).

Access to the full company reports can be found at:

www.ParagonReport.com/JPM

www.ParagonReport.com/WFC

"[T]here are clear positives for the banks... banks should be a high-beta play on stabilizing economic indicators, investors are still underweight, relative earnings momentum is troughing, banks' share of market cap is close to a 20-year low and some measures of bank risk are back to recent lows." Credit Suisse analysts wrote in a note.

Major Banks have benefitted from recent stimulus measures from the Federal Reserve focused on reducing mortgage rates. The costs banks pay to those who finance the mortgages have dropped significantly, while the rates the banks charge homeowners have not, resulting in large profit margins.

Paragon Report releases regular market updates on the Banking Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The company posted a record third quarter 2012 net income of 5.7 billion compared with net income of $4.3 billion in the third quarter of 2011. Revenues from mortgages in the third quarter saw a 57 percent increase when compared to the year-ago quarter.

Wells Fargo & Company is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. For the third quarter 2012 the company reported record a net income of $4.9 billion a 27 percent increase over the prior year's quarter. "Real estate is getting better," Wells Fargo chairman, CEO John Stumpf said on a call with analysts. "We saw it in housing, and every quarter we have more confidence."

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:

http://www.paragonreport.com/disclaimer