Wall Street banks thrive, lending stalls in Trump era

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 and Citigroup, 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, which focuses on more traditional forms of banking to consumers and businesses, reported sl...

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