Reported 18 days ago
Wall Street enjoyed one of its most profitable quarters with significant earnings reported by major banks like JPMorgan Chase, Citigroup, Wells Fargo, and Goldman Sachs, driven by high stock prices and a surge in deal-making. While consumer spending and investment banking revenues have risen sharply, bank executives expressed caution regarding potential market overvaluations and ongoing geopolitical uncertainties, despite overall resilience in the economy.
Source: YAHOO