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Banks' Results Beat but Clouds Loom

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Banks' Results Beat but Clouds Loom
AIRED:
Mega banks, JP Morgan Chase and Wells Fargo reported second quarter results blowing past Wall Street forecasts as they kicked off the earnings season for banks. JP Morgan's quarterly profit shot up 31% to $6.5 billion while Wells Fargo's jumped 20% to just over $5.25 billion. JP Morgan, the nation's largest bank, upped its dividend amid strong trading and investment banking. And Wells Fargo, the number one mortgage lender saw an improved home loan business.moreless
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