Spot­light on big banks

Lodi News-Sentinel - - Business -

Cit­i­group and JPMor­gan Chase report their lat­est quar­terly re­sults to­day.

Like other big in­vest­ment banks, the two lenders have ben­e­fited this year from ris­ing in­ter­est in­come. The Fed­eral Re­serve has been steadily rais­ing in­ter­est rates, which has al­lowed banks to charge more on loans. Wall Street pre­dicts Cit­i­group and JPMor­gan’s earn­ings im­proved in the third quar­ter ver­sus a year ear­lier.

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