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Goldman Sachs (GS) shares jumped 2.1%. Morgan Stanley (MS) jumped 1.8% after reporting its first quarter results. Wells Fargo (WFC) slumped 3.5% as revenue came in below the analyst target. JPMorgan Chase (JPM) shares traded flat, after reporting mixed first-quarter results.

Revenue slumped 27% to $12.93 billion, also a smaller-than-forecast decline. Revenue from asset management tumbled 88% during the quarter, to $546 million. Consumer and wealth management revenue rose 21%, to $2.1 billion.

JPMorgan's earnings fell to $2.63 a share, down 42% from a year ago. Revenue came in at $31.59 billion, a 5% dip. The company also reported a $902 million credit reserve build. Morgan Stanley also reports on Thursday.

JPMorgan's Dimon says he doesn't think a recession will happen in the U.S. this year. But he said forecasting was difficult, and often fruitless. "We remain optimistic on the economy, at least for the short term," Dimon said.
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