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Wednesday, October 19, 2016

Marketplace: The big banks post a surprisingly strong quarter (Audio)

In the past week, profits at Bank of America, JP Morgan Chase, and Goldman Sachs all beat expectations. The big banks are seeing stronger results even though the interest-rate and regulatory environments haven’t changed, factors that the banks have blamed for disappointing results in the past. One of the reasons? Janney's Jody Lurie says a mix of insecurity over the British pound driving investors toward stocks and commodities.

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