The Economist

America’s big banks reported their earnings for 2019. JPMorgan Chase reported annual net profit of $36.4bn, its most ever. Bank of America’s net income came in at $27.4bn, dented by an impairment charge in the third quarter. Citigroup’s profit was up by 8%, to $19.4bn; at Wells Fargo it was down by 13%, to $19.5bn. ................
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