U.S. Banks’ Q3 Profits Set To Shrink on Economic Risks, Deal Slump

The biggest U.S. banks are expected to report weaker third-quarter profits as the economy slowed and volatile markets put the brakes on dealmaking. Four of the nation’s largest lenders — JPMorgan Chase & Co, Wells Fargo, Citigroup Inc and Morgan Stanley — will report third-quarter earnings Friday, Oct. 14. The results are expected to show a slide in net income after turbulent…

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