Mixed Earnings Reports from JPMorgan, Citi, and Wells Fargo Highlight Market Uncertainties

Despite record profits and revenue growth, major banks face challenges with net interest income and regulatory concerns.

JPMorgan reported record quarterly profit of $18.1 billion but saw a shortfall in net interest income projections.
Citi's transformation efforts led to a 2% reduction in operating expenses, yet the bank still faces market share challenges.
Wells Fargo experienced a 9% drop in net interest income, leading to a significant stock decline.
Investment banking fees rose across the board, but doubts remain about the sustainability of this growth.
Geopolitical tensions and regulatory overhangs add to the uncertainty facing the banking sector.