#JPMorgan #WellsFargo #Citi
JPMorgan Chase’s (JPM) second quarter results topped Wall Street estimates, thanks in part to its acquisition of First Republic Bank. Bigger picture, JPMorgan CEO Jamie Dimon called the U.S. economy “resilient” adding that “consumers are spending, albeit a little more slowly.” Wells Fargo’s (WFC) second quarter results also beat analyst estimates, fueled by higher interest rates. Rival Citigroup (C), however, saw its profit fall, in part, due to weakness in its investment banking business. Yahoo Finance Executive Editor Brian Sozzi breaks down the reports.
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
