Banks post big profits, but lower interest rates worry
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.