Banks post big prof­its, but lower in­ter­est rates worry

Antelope Valley Press - - BUSINESS -

NEW YORK — So far, it ap­pears 2019 was an­other record year for Wall Street. Prof­its and rev­enues at JPMor­gan Chase and Cit­i­group were up. In ad­di­tion, the banks’ trad­ing re­bounded af­ter a ter­ri­ble end to 2018, and con­sumers spent tons of money on their credit cards. But there are con­cerns that lower in­ter­est rates will slow down Wall Street’s decade-long profit party.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.