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JPMorgan profit falls but beats estimates while Morgan Stanley misses

Por: MarketWatch Business October 15, 2022

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Morgan Stanley shares fell after it missed Wall Street’s targets for earnings and revenue. Citigroup Inc. shares rose after beating its profit mark, although revenue fell 1% after breaking out the impact of divestitures. Overall, banks benefited from higher interest rates and strong trading volumes, but investment banking deal activity fell sharply. Banks also channeled more capital into reserves and away from their collective bottom lines to... + full article



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