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JP Morgan And Wells Fargo Report Better Than Expected Q3 Results That Reflect Resilient U.S. Consumers

Benzinga ·  Oct 12 05:19

JP Morgan Chase & Co. (NYSE:JPM) and Wells Fargo & Company (NYSE:WFC) ended the week by reporting their quarterly results, kicking off the third quarter earnings season. Bank of America Corporation (NYSE:BAC) is due to report its latest financial results on Tuesday, with The Goldman Sachs Group (NYSE:GS), Citigroup Inc (NYSE:C) and Morgan Stanley(NYSE:MS) due to also report next week.

JP Morgan Reported A Better-Than-Expected Interest Income

During the quarter ended in September, JP Morgan reported revenues rose 6% YoY to $43.3 billion, surpassing LSEG's consensus estimate of $41.63 billion. Results were fueled by investment...

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