Large U.S. banks exceeded third-quarter earnings expectations, benefiting from increased revenues in dealmaking and asset management amid a soaring stock market. However, bank executives warn of geopolitical uncertainty. JPMorgan’s profits rose 12%, Goldman Sachs’ surged 39%, and Wells Fargo saw a 9% profit increase with strong client asset growth. Morgan Stanley’s net earnings soared 45% with record-high revenue. Investors are closely monitoring banks’ performance amid economic uncertainty.

Read more at Yahoo Finance: Here’s What We’ve Learned From Big Bank Earnings Reports This Week