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The 'excuse' being cited as the reason why WFC, JPM and others are trading at their current [elevated] valuations are in anticipation of these banks reaching 'normalized earnings' in future years (I think the talk is 2012ish). Do you have an estimate of what WFC and JPM may be capable of earning once some banking normalization is achieved, not withstanding counterparty risks as depicted in your WFC and JPM reviews? Thanks.