The Guardian Australia – Business
·business
·10 hours ago
Big US banks report nearly $50 billion in first quarter profits
Big US banks reported nearly $50 billion in profits for the first quarter, driven by market volatility stemming from the US-Israeli war on Iran. JP Morgan's profits surged 13% to $16.5 billion, while Bank of America saw a 17% increase to $8.6 billion. Analysts warn that ongoing conflict could hinder future economic growth.
Summary by Glance · The Guardian Australia – Business
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