Wall Street Banks Post Mixed Q3 Results
Major Wall Street banks reported an uneven third quarter as market turmoil and rising bond yields slowed corporate dealmaking. While fixed income faced pressure, equity trading units saw strong gains amid global uncertainty.
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JPMORGAN CHASE & CO reported an uneven third quarter as global bond selloffs and market volatility dampened dealmaking late in the period. The results followed a stellar first half for the nation's largest financial firms amid ongoing geopolitical conflicts and rising inflation. The slowdown threatens what could have been a banner year for investment banking and initial public offerings.
