What to Expect From BofA, Wells Fargo Earnings

The video discusses the financial strategies of Bank of America and Wells Fargo. Bank of America is focusing on reducing expenses to $53 billion by 2018, which may lead to job cuts. The bank's trading performance is also highlighted. Wells Fargo is dealing with legal issues, with investigations by the SEC and Department of Justice, and analysts are keen on updates regarding legal costs.

What did Wells Fargo disclose regarding their legal costs?

What investigations is Wells Fargo currently facing?