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Major US Banks See Third-Quarter Profit Growth Amid Interest Rate and Inflation Warnings

The New York Times +3 ·

JPM JPMorgan Chase & Co
$334.30 +0.39%
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  1. 1JPMorgan Chase recorded $15.3 billion in third-quarter revenue.
  2. 2Citigroup announced that third-quarter revenue increased by 40% compared to last year.
  3. 3JPMorgan Chase CEO Jamie Dimon said large fiscal deficits and persistent inflation are causing potential changes.

So what's the key point?

JPMorgan Chase and Citigroup earned significant profits in the third quarter. However, there is a need to be cautious about rising prices and growing government deficits.

Source The New York Times +3 · View original ↗

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