"While labor markets have softened, conditions do not appear to be worsening," Dimon's statement read. "Consumers continue to spend, and businesses generally remain healthy. These conditions could persist for some time, particularly with ongoing fiscal stimulus, the benefits of deregulation and the Fed's recent monetary policy." Key Takeaways The U.S. economy is "resilient," JPMorgan Chase CEO Jamie Dimon said Tuesday, but investors should remain wary of a range of possible "hazards" ahead. Dimon's comments ...

Core Insights - The earnings season for America's largest banks has started steadily, with gains primarily from trading and deal-making, but not extraordinary results [1][2] JPMorgan Chase - JPMorgan Chase reported a third-quarter net income of $14.4 billion, a 12% increase from the previous year, with trading revenues rising 25% to nearly $9 billion, driven by a 33% increase in equities and a 21% rise in fixed income [3] - Investment banking fees increased by 16%, reflecting stronger deal and underwriting activity [3] - Consumer banking showed stable loan growth and deposits, but there are early signs of fatigue in borrowing demand, particularly for mortgages and autos [4] - CEO Jamie Dimon noted the resilience of the U.S. economy but expressed caution due to geopolitical uncertainties and inflation risks [5] Goldman Sachs - Goldman Sachs experienced a revenue increase of 20% to $15.2 billion and a net income rise of 37% to $4.1 billion [6] - Investment banking fees surged by 42% to $2.7 billion, driven by increased mergers and leveraged finance activity, while trading revenue grew by 17% [6] - The asset and wealth management division also saw double-digit growth, although operating expenses rose by 14% due to higher compensation and legal costs [7] BlackRock - BlackRock reported strong revenue growth attributed to its scale, but profit growth was muted due to the costs associated with acquisitions [8]