JPM’s Stellar Earnings, WFC’s Large Reserve, & C’s Better Than Expected Interest Margin Income

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JPMorgan (JPM) is on the stellar side, the Jamie Dimon locomotive rolls along, notes Chuck Lieberman. He discusses the takeaways from today’s bank earnings. He talks about how Wells Fargo (WFC) with a large reserve build of $949M will be even better able to handle any loan losses. He also goes over how Citi (C) reported much better than expected net interest margin income, but weaker noninterest income. He mentions how higher rates impact bank earnings. He then compares regional banks versus big banks. Tune in to find out more about bank earnings and the stock market today.

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