Cybersecurity
Big Banks Aim to Show Higher Profit Ahead as Rates Increase
- Loan growth, trading revenue among things to watch in earnings
- JPMorgan, Wells Fargo kick off third-quarter results Friday
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As concerns from bank investors go, “peak profitability” seems an unusual one.
But as the biggest U.S. banks report results that analysts estimate will set a new high for profitability this decade, shareholders are wondering: Is this as good as gets, or is Jamie Dimon right that banks are entering a golden age.