JPMorgan Chase & Co. and Citigroup Inc. reported results Tuesday that were helped by volatile equity and debt markets. JPMorgan, the largest U.S. bank, said second-quarter profit fell 51%, a smaller drop than forecast, as record trading revenue helped counter the biggest loan-loss provision in the firm’s history. Citigroup had a $1.3 billion profit as revenue from fixed-income trading surged 68%, beating the most optimistic analyst estimates. Wells Fargo has a much smaller investment-banking presence than peers and hasn’t gotten the same aid to earnings.

This article was provided by Bloomberg News. 

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