JPMorgan and Citigroup just dropped their Q2 earnings. The numbers are strong, but the setup is getting fragile.
JPMorgan pulled in $15.0 billion in net income, or $5.24 per share. That’s a beat. Revenue hit $45.7 billion, up 8% year-over-year. But net income fell 17% from last year. Noninterest revenue dropped 20%. They built $439 million in reserves. … Read more