The earnings season has been offically kicked off by JP Morgan Chase (NYSE:JPM) that reported earnings and revenue well beyond Wall Street estimates. But other big banks also joined in with their second quarter reports. Wells Fargo & Company (NYSE:WFC) and Citigroup Inc (NYSE:C) also posted better-than-expected earnings and revenue. But, net interest income fell short of implications and banks showed they are expecting macroeconomic conditions to worsen.
Wells Fargo & Company
For the second quarter, Wells Fargo reported its revenue rose to $20.69 billion, suprassing LSEG's estimate of 20.29 billion. Net income diped to $4.91 billion, but its...
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