Blockbuster earnings by America’s biggest banks tempered fears that the economy is headed for a slowdown, pushing stocks mostly higher Wednesday.
The country’s six largest banks raked in almost $41 billion in the past three months, up 19% from a year ago, thanks in part to booming business in dealmaking and trading. Morgan Stanley shares jumped 4.7% after better-than-expected results, while Bank of America similarly vaulted 4.4% higher.
Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
-1024x768.jpg "Red Snapper Used as Cudgel by Fed Judge")
