JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about ‘headwinds’ remain
JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. managed to beat Wall Street’s lowered fourth-quarter earnings expectations as higher interest rates boosted corporate earnings. loans. Banks posted stronger-than-expected results despite a slowdown in overall deal activity such as home mortgages and IPOs. But bank stocks lost ground on …