NEW YORK: JPMorgan Chase posted record fourth-quarter profits on Tuesday as it eyes growth in China, while Wells Fargo reported another earnings stumble and signalled cost-cutting ahead.
JPMorgan cited continued strength of the US consumer and better-than-expected trading results amid improved US-China trade relations as key attributes in capping a year of record revenue of net income.
Published in Dawn, January 15th, 2020
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