Major US banks jumped on Tuesday after second-quarter results beat expectations, led by a 41% profit surge at JPMorgan. Bank of America, Wells Fargo and Goldman Sachs also posted stronger earnings, according to moomoo Community.
Major banks surged on Tuesday after delivering stronger-than-expected second-quarter earnings, a set of results the source ties to Wall Street's volatility.
JPMorgan led the group. Its profit surged 41% while revenue climbed 28%, helped by a sizable one-off gain from its Visa stake.
Bank of America followed, with profit up 27% and revenue rising 15%. Wells Fargo posted a smaller but still positive step, as profit grew 17% and revenue advanced 9%.
Goldman Sachs rounded out the group with a $6.63 billion profit, or $20.98 a share.
Each of the four reported stronger second-quarter earnings than the market had expected.
Source: moomoo Community (snippet-based)
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