Judging by the exuberant comments from analysts and TV anchors, one would imagine US banks would be soaring. But having dug below the public-relations-spin surface, the results are anything but encouraging - surging credit card charge-offs, tumbling mortgage issuance, and flat NIMs - this is not what the talking heads promised.
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Year-to-Date, everything is red...
And if you're surprised by JPMorgan's drop, don't be...
