JPMorgan, Wells Fargo, and Morgan Stanley Higher on Earnings
In this episode of Stock Movers:- JPMorgan (JPM) shares are higher after it blew past earnings estimates. The big bank still offered a cautious outlook amid uncertainty over tariffs and the US-China trade war. CEO Jamie Dimon did express caution about the US economy, citing potential negatives such as tariffs, trade wars, and high fiscal deficits, and warned that a recession is a "likely outcome".- Wells Fargo (WFC) is also getting a boost but pared some gains this morning after reporting earnings, but it did miss on net interest income estimates. It did warn of a slowing economic environment…
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