Profits for JPMorgan Chase (JPM) and Wells Fargo (WFC) surged in the second quarter while falling sharply at Citigroup (C), demonstrating a divide in how the banking world is faring as it recovers from a period of extreme turmoil.
JPMorgan and Wells Fargo showed that some giants can continue to make lots of money from consumer loans even as industry deposit costs rise while…
This story from finance.yahoo.com was posted on 2023-07-15 by @hazelpine.