Category: Business

Big Banks Post Strong Profits in Q3, Fueled by Rising Rates and Loan Growth

JPMorgan Chase, Wells Fargo, and Citigroup reported strong third-quarter profits on Wednesday, driven by higher interest rates and loan growth. JPMorgan Chase’s net income rose 35% from a year ago to $13.15 billion, beating analyst expectations. Wells Fargo’s net income jumped 29% to $6.21 billion, also beating expectations. Citigroup’s net income climbed 25% to $4.8… Read more »