Signs of trouble in consumer lending, renewed pressure to shrink staff and a slump in trading are rapidly becoming the big themes as U.S. banks post quarterly results.
On the second day of the industry's earnings season, Bank of America Corp. and Wells Fargo & Co. posted figures that tracked some of the key trends from earlier reports by JPMorgan Chase & Co. and Citigroup Inc.
Every member of that group is preparing for the possibility that more people might struggle to pay their debts. And at Wells Fargo, a long-running probe related to mortgages had an impact, prompting the firm to book a $1 billion legal charge that made it the only lender among the four to miss analysts' profit estimates.
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