Note Citi, I do not yet know what was wrong the investment side of the house. It may matter for all of them going forward.
JPMorgan Chase kicked off earnings before the opening bell Friday. Its stock rose 2% after the bank’s quarterly results topped Wall Street consensus for earnings and revenue.
Wells Fargo posted stronger-than-expected revenue for the third quarter, offsetting a profit miss. The stock was up 3%. Morgan Stanley reported a profit drop in the third quarter, prompting shares fell nearly 5% in midday trading. Citigroup reported a 25% drop in third-quarter profit on Friday following weak investment banking activity.