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Bank Earnings Mixed But Stocks Rise | Business and Finance News
Description
Diversified banks delivered a mixed but mostly upbeat Q1 earnings report, with revenues collectively beating expectations by 1% and stocks rallying an average of 7.4%. JPMorgan surged with a 9.9% revenue jump, while Citigroup stunned with a 14.1% revenue leap—its biggest beat and fastest growth—pushing its stock up over 10%. Wells Fargo lagged, missing key metrics and leaving its stock flat. Bank of America and U.S. Bancorp both posted solid gains, with stocks climbing 9.3% and 9.8% respectively.
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