Wells Fargo Hit Harder Than JPMorgan Amid Rising Rates

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Wells Fargo Hit Harder Than JPMorgan Amid Rising Rates
By The original uploader was Henry W. Schmitt at English Wikipedia (Transferred from en.wikipedia to Commons.) [Public domain], via Wikimedia Commons

Citigroup Inc (NYSE:C) maintains its Buy rating on JPMorgan Chase & Co (NYSE:JPM) while retaining its Neutral rating on Wells Fargo & Co (NYSE:WFC), post their third quarter results.

Wells Fargo Hit Harder Than JPMorgan Amid Rising Rates

JPM’s solid performance despite enhanced litigation charges

Keith Horowitz and the team at Citi commend the solid performance posted by J.P. Morgan despite providinga substantial amount towards litigation expenses.