The Zhitong Finance App learned that on Tuesday, bank stocks had mixed ups and downs. Wells Fargo Bank (WFC.US) fell nearly 3% and Citigroup (C.US) fell nearly 2%; while Goldman Sachs (GS.US) rose more than 1%, JPMorgan Chase (JPM.US) stock price turned red. According to the news, financial reports from major Wall Street banks have been released one after another, and bank stocks have become the focus. Revenue from J.P. Morgan Chase and Wells Fargo both fell short of expectations. J.P. Morgan CEO Dimon said there was a slowdown in the second quarter, when customer activity in the market and investment banking business was strong. Goldman Sachs net revenue for the third quarter was US$18.679 billion, up 23% year over year, and stock trading revenue surged 72%. Citi's third-quarter revenue was US$23.85 billion, up 8% year over year.
Zhitongcaijing · 3d ago
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The Zhitong Finance App learned that on Tuesday, bank stocks had mixed ups and downs. Wells Fargo Bank (WFC.US) fell nearly 3% and Citigroup (C.US) fell nearly 2%; while Goldman Sachs (GS.US) rose more than 1%, JPMorgan Chase (JPM.US) stock price turned red. According to the news, financial reports from major Wall Street banks have been released one after another, and bank stocks have become the focus. Revenue from J.P. Morgan Chase and Wells Fargo both fell short of expectations. J.P. Morgan CEO Dimon said there was a slowdown in the second quarter, when customer activity in the market and investment banking business was strong. Goldman Sachs net revenue for the third quarter was US$18.679 billion, up 23% year over year, and stock trading revenue surged 72%. Citi's third-quarter revenue was US$23.85 billion, up 8% year over year.
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