NTRS - Financials still stuck in Main Street vs. Wall Street tug of war

The SPDR Financial Sector ETF ([[XLF]], -0.4%) is lower, with another day of disappointment in commercial banking outweighing the enthusiasm for investment banking strength.Wells Fargo ([[WFC]], -5.1%) is bringing up the rear in XLF, followed by Bank of America ([[BAC]], -4.1%). Both reported earnings today and both stocks took immediate hits as net interest income sputtered.Wells Fargo, which gave credit to its Q3 performance to fiscal and monetary stimulus, and BofA, which saw lending income slip nearly 17%, fell afoul of the same pessimism that hit JPMorgan Chase ([[JPM]], +0.1%) and Citigroup ([[C]], -0.4%) when they reported yesterday. With the Fed keeping rates near zero for three or so years, it's hard to see what the plan for making money in traditional commercial banking is.Wells Fargo slumped further after its earnings call, when it cut FY20 net interest income guidance to $40B. It had just cut it to $40.5B in mid-September, down from $41B to

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Financials still stuck in Main Street vs. Wall Street tug of war