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US banks post strong earnings but economic risks cloud the sector’s outlook

Wall Street's biggest banks reported another strong quarter on Tuesday, but they warned that higher rates and inflation could bite.

  • JPMorgan Chase reported $15.3 billion profit, missing expectations
  • Goldman Sachs saw 72% jump in equities revenue, but 24% drop in commodities revenue
  • All four banks cited economic risks including inflation and geopolitical conditions

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