Global marts push higher on back of US bank results, Disney | The Malaysian Insight

JP Morgan Chase’s higher first-quarter profits point to a still-solid American economy. – EPA pic, April 13, 2019.

STOCK markets on both sides of the Atlantic pushed higher yesterday following strong earnings from JPMorgan Chase and the launch of a new Disney streaming service that wowed Wall Street. Wrong-footing financial sector watchers who had warned of a “not that great” earnings season for banks, JP Morgan reported higher first-quarter profits, pointing to a still-solid US economy reflected in more lending and better profit margins on loans.

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Source: News Formal (newsformal.com)

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