JP Morgan shares dropped after the bank posted its smallest quarterly earnings beat in nearly two years. Higher-than-expected expenses drove a 14% decline in Q4 profits to $10.4 billion.
Wells Fargo however exceeded analysts’ expectations with a significant jump in profit.
Shares of the bank climbed by 3.7% following the earnings announcement.
Timestamps:
- JPM 01:35
- WFH 03:00
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