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Up to date Jan. 12, 2024 5:10 pm ET
American shoppers and companies remained on surprisingly stable monetary footing final 12 months, propelling earnings for the largest banks but once more.
JPMorgan Chase mentioned it made $50 billion in 2023, a document, as many companies reported fourth-quarter and full-year outcomes Friday. JPMorgan, Financial institution of America, Wells Fargo and Citigroup collectively earned $104 billion in 2023, up 11% from a 12 months earlier.
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