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Big US banks’ Q3 2024 earnings largely beat analyst expectations

Article by Lauren Ashcraft  |  Oct 15, 2024
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Big US banks’ Q3 2024 earnings largely beat analyst expectations
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Banking
US

The results: JPMorgan, Wells Fargo, Citibank, Bank of America, and Goldman Sachs beat Q3 2024 earnings estimates despite all but Goldman Sachs reporting a drop in profits since 2023.

How we got here: As they did last quarter, big banks’ earnings show the economic environment remains challenging. As a result, analysts had expected mixed earnings, per The Financial Times. And they were right.

Here’s what happened:

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