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Differences in Q3 revenue structures among six major US banks

The Motley Fool +1 · ·by G4L

PG Procter & Gamble Co
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  1. 1JPMorgan Chase recorded $5.9 billion in asset management fees for the third quarter.
  2. 2Bank of America's customer balances reached $5.1 trillion in the third quarter.
  3. 3Goldman Sachs recorded $6.44 billion in equity trading revenue for the third quarter.

So what's the key point?

Major US banks earned money in different ways during the third quarter. JPMorgan Chase earned revenue through asset management, while Goldman Sachs earned revenue through equity trading.

Source The Motley Fool +1 · View original ↗

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