US bank profits jump as execs see consumers surviving oil spike, for now

NEW YORK, United States — Large banks reported higher profits Tuesday, pointing to resilience among US businesses and customers despite spiking oil prices from the Middle East war. JPMorgan Chase notched gains across leading consumer and investment bank categories. CEO Jamie Dimon described the US economy as still healthy but facing an “increasingly complex set of risks,” including volatile energy prices, trade uncertainty and large deficits. Profits at the largest US lender by assets came in at $16.5 billion, up 13 percent from the year-ago level, while revenues jumped 10 percent to $49.8 billion. READ: US stocks rise, oil prices retreat […]... Keep on reading: US bank profits jump as execs see consumers surviving oil spike, for now

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