December 15, 2018

Banks help Wall Street bounce after two-day slide

Banks help Wall Street bounce after two-day slideJPMorgan Chase & Co rose 1.7 percent before the bell after reporting a better-than-expected quarterly profit as higher interest rates and loan growth helped offset weakness in bond trading revenue. Citigroup rose 2.7 percent as its profit also beat estimates on higher bond trading revenue and strength in consumer banking in Mexico. The bank results launch a quarterly reporting season that will give the clearest picture yet of the impact on profits from President Donald Trump's trade war with China.


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