Wall Street Banks Are Beating Main Street Banks at the Start of the Trump Era

Bloomberg ------- U.S. banks reporting their first earnings under Donald Trump’s presidency showed a stark split: Wall Street businesses are faring better than many of those serving Main Street. JPMorgan Chase & Co. and Citigroup Inc., the two largest U.S. trading firms, posted first-quarter results that beat analysts’ estimates as revenue from buying and selling stocks, bonds and other instruments outpaced expectations. Wells Fargo & Co., which focuses more on more traditional forms of banking to consumers and businesses, reported sluggish results and said total loans fell from the fourth quarter. To get more in depth information click on the picture below to read the article.