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Cryptopolitan 2024-10-12 06:27:07

US bank stocks hit new highs since SVB crash as confidence in economy grows

US bank stocks are reaching new heights, hitting their highest levels since the infamous collapse of Silicon Valley Bank (SVB) in 2023. JPMorgan Chase and Wells Fargo have reported strong quarterly earnings, which have boosted investor confidence in the overall economy. JPMorgan, which is the largest US bank, saw profits of $12.9 billion, beating the

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