U.S. Stock Market Update | Banking sector rises, JPMorgan Chase up more than 4%
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On Friday, the US bank sector saw gains in the stock market. As of the time of publication, Bank of America rose by 4.9%, JPMorgan Chase rose by over 4%, Citigroup rose by over 3.5%, and Goldman Sachs rose by 2.5%. In terms of news, JPMorgan Chase's Q3 revenue was $42.65 billion, a year-on-year increase of 7.0%, beating market expectations; earnings per share were $4.37, also exceeding market expectations. JPMorgan Chase reported unexpected growth in net interest income in the third quarter and raised forecasts for this key source of income, despite market expectations of further interest rate cuts in the US
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