Reported 14 days ago
This week, major U.S. banks reported impressive third-quarter earnings, exceeding expectations due to robust dealmaking and asset management driven by a surging stock market. However, executives, including Jamie Dimon from JPMorgan, warned of geopolitical uncertainties and economic risks, stressing the need for caution despite the positive results. Overall, the earnings reports highlighted strong consumer spending and profit growth across various banks.
Source: YAHOO