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JPMorgan, Citigroup and Wells Fargo Reap Gains From Rates Roiling Small Banks

JPMorgan, Citigroup and Wells Fargo benefit from higher interest rates, with big banks seeing a jump in income from lending and trading.

1 min read
  • JPMorgan, Citigroup and Wells Fargo benefit from higher interest rates.
  • Big banks' income from lending jumps after Federal Reserve hikes.
  • JPMorgan sees a surprise 2% increase in deposits.
  • Citigroup boasts one of its best fixed-income trading hauls in a decade.
  • Influx of deposits may not be particularly stable.
JPMorgan, Citigroup and Wells Fargo Reap Gains From Rates Roiling Small Banks
JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. are reeling in windfalls from higher interest rates that upended smaller lenders last month.
BloombergKatherine Doherty

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