JPMorgan, Wells Fargo, Bank of America and Citi beat earnings forecasts, but concerns about 'headwinds' linger

JPMorgan, Wells Fargo, Bank of America and Citi beat earnings forecasts, but concerns about ‘headwinds’ linger

JPMorgan Chase & Co., Bank of America Corp., and Citigroup Inc. and Wells Fargo & Co. managed to beat Wall Street’s lower expectations for fourth-quarter earnings as higher interest rates boosted income from loans. Banks posted stronger-than-expected results despite a slowdown in overall transaction activity such as mortgage loans and initial public offerings. But JPMorgan …

JPMorgan, Wells Fargo, Bank of America and Citi beat earnings forecasts, but concerns about ‘headwinds’ linger Read More »