This is an 18% increase from 2017 and just shy of its record $8.7bn profit in Q1. Dimon said "consumer and business sentiment is high" in the US. There are concerns about "flattening of the yield curve", with the Fed raising short-term rates, but keeping long-term rates more or less stable, which could be a precursor to economic slowdown. Citi also posted strong results but Wells Fargo came in below expectations.
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