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Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom
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Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom

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The largest banks in the United States collectively raked in tens of billions of profits in the second quarter, despite the war in Iran and persistent inflation.

In a world of uncertainty, one reliable rule is that Wall Street will find a way to make money. That was underscored with emphasis on Tuesday when four of the largest banks in the United States reported a collective $43 billion in profits in the seco... [2403 chars]

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Source: The New York Times

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