Third-Quarter Bank Earnings: 7 Things Investors Need to Know
The largest U.S. banks have now reported their third-quarter earnings, and the results were generally positive. Investment banks Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) reported strong asset growth and merger-and-acquisition activity, and of the five largest consumer banks -- JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), and U.S. Bancorp (NYSE: USB) -- four reported strong performance.
With that in mind, here are seven takeaways from bank earnings that investors who are interested in the financial sector should know.
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Source: Fool.com
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