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Investment Banking

Bank profits may plateau past the pandemic showing up core weaknesses

Banks are moving past the pandemic that sent quarterly profits on a wild ride. That is drawing attention to their weak spots.

America’s biggest banks report third-quarter earnings this week, starting with JPMorgan on 13 October. Analysts expect banks in the S&P 500 to report aggregate profits of about $31bn, up about 20% from a year ago but down 20% from the second quarter, according to FactSet. Profits are expected to hold steady in the fourth quarter.

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