The outlook for U.S. banks is less exciting than the strong earnings figures from JPMorgan Chase and Wells Fargo suggest. The two banking giants both reported first-quarter earnings well ahead of analyst expectations Friday. At JPMorgan, net profit rose 5% from a year earlier, while at Wells Fargo it jumped 14%. JPMorgan’s stock climbed 4% in early morning trading, while Wells Fargo was up 2%. JPMorgan...

Source: Wall Street Journal April 12, 2019 14:42 UTC