CNBC Investing Club

Investing Club: What to look for when Wells Fargo and Morgan Stanley report earnings Thursday

A man walks past a Wells Fargo Bank branch on a rainy morning in Washington.
Gary Cameron | Reuters

JPMorgan (JPM) kicked off earnings season in earnest Wednesday morning, and shares of the biggest U.S. bank by assets are down more than 3% and hit a 52-week low.

While the Club doesn't own JPMorgan, our two financials are reporting Thursday before the bell.

Given the Street's sour reaction to JPMorgan, we wanted to let members know what we're expecting from Wells Fargo (WFC) and Morgan Stanley (MS).