Apr
13
Wall Street Banks Are Beating Main Street Banks at the Start of the Trump Era
By-
JPMorgan and Citigroup exceed estimates as Wells Fargo falters
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‘Competition is back and healthy’ JPMorgan CFO says of trading
U.S. banks reporting their first earnings under Donald Trump’s presidency showed a stark split: Wall Street businesses are faring better than many of those serving Main Street.
JPMorgan Chase & Co. and Citigroup Inc., the two largest U.S. trading firms, posted first-quarter results that beat analysts’ estimates as revenue from buying and selling stocks, bonds and other instruments outpaced expectations. Wells Fargo & Co., which focuses on more traditional forms of banking to consumers and businesses, reported sluggish results and said total loans fell from the fourth quarter…
Wall Street Banks Are Beating Main Street Banks at the Start of the Trump Era
