$Citigroup(C)$  $Wells Fargo(WFC)$  $JPMorgan Chase(JPM)$  The past week has been a whirlwind for the three biggest banks in the United States: Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo (WFC). All three institutions released their first-quarter earnings reports, and while some exceeded analyst expectations, their stock prices closed lower on Friday, April 12th. This seemingly contradictory outcome paints a complex picture of the current financial landscape, shaped by inflation, geopolitical tensions, and the Federal Reserve's monetary policy.

The past week serves as a reminder of the complex factors influencing the performance of large banks. The ongoing war in Ukraine and other geopolitical tensions are adding further uncertainty to the economic outlook. These events are disrupting global supply chains and contributing to higher energy prices, potentially dampening consumer and business confidence.

$Bank of America(BAC)$  

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