Bank Earnings; Nvidia Up on Chip Reversal; BlackRock Slips
On this episode of Stock Movers:- JPMorgan Chase & Co. (JPM) shares are up as the big bank giant's investment bankers had a surprise gain in the second quarter, with investment-banking fees climbing 7%, according to the bank. CEO Jamie Dimon said dealmaking "activity started slow but gained momentum as market sentiment improved". JPMorgan's stock traders had their best second quarter ever, with fixed-income trading and equity trading performing well ahead of expectations.- Wells Fargo (WFC) shares are down after lowering its full-year guidance for net interest income after a quarter of tepid…
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