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Finance

JPMorgan Chase tops profit expectations on higher rates, benign credit

October 19, 2023

[#item_full_content]CEO Jamie Dimon acknowledged the bank was “over-earning” on net interest income and “below normal” credit costs that will both normalize over time.

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Big banks are quietly cutting thousands of employees, and more layoffs are coming
Wells Fargo shares rise after third-quarter results top Wall Street expectations

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