Los Angeles Times

Big bank earnings signal caution as revenues miss expectations

WASHINGTON - Two of the nation's largest banks on Tuesday reported mixed earnings results for the end of last year, a potential caution sign on the state of the economy heading into 2019.

Wells Fargo & Co. and JPMorgan Chase & Co. both missed expectations on revenue for the October-through-December period. Wells Fargo's profit also fell slightly compared with a year earlier as the bank continued to deal with a cap on its assets put in place by federal regulators after a series of scandals - a restriction that is now expected

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