Major Banks Report Better Than Expected Q3 Earnings

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And three of Wall Street's biggest banks reporting their latest quarterly earnings this morning. Jp Morgan Chase has reported better than expected revenue in the latest quarter. Co Jamie Diamond said, quote, us, consumers and businesses generally remain healthy and quote but added that the wars in Ukraine and now Israel could have far reaching impacts on energy and food markets, global trade and geopolitical relationships. Meantime, wells Fargo reported its third quarter profit came in ahead of what analysts expected. The bank raised its annual forecasts for income through interest payments and Citigroup also beat expectations for revenue in the latest quarter. The company's CEO said revenue over the quarter grew in each of its five business segments.