Big US banks rake in near-$50bn profit as Iran war shakes markets
Published by WarSignal Editorial · Last updated
Six lenders, including Bank of America, Morgan Stanley and JP Morgan report jump in first-quarter earnings Business live – latest updates Big US banks raked in nearly $50bn (£37bn) worth of profits in the first three months of the year, as they benefited from stock market turbulence triggered by the US-Israeli war on Iran. Wall Street’s largest lenders have reported a jump in first-quarter.
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