6min chapter

Bloomberg Surveillance cover image

Biden's Presser and Banks

Bloomberg Surveillance

CHAPTER

Financial Performance and Strategic Investments of J.P. Morgan and Wells Fargo

The chapter delves into J.P. Morgan's successful investments in technology, highlighting their $8 billion gain from tendering Visa shares. It also discusses Wells Fargo's increase in operating costs, investment banking revenue, trading results, and credit quality considerations in the current economic cycle.

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