For starters, JPMorgan is benefiting from a big market boom that's encouraged companies to sell debt and equity and consider mergers. Profits surged 52% to $4.3 billion last quarter at JPMorgan's corporate and investment bank. Citi C also reported Tuesday that its trading and investment banking revenue rose, helping the bank bring in $3.2 billion in profits. Big picture: The fact that Fitch had to issue such a warning underscores the deepening political divide in the United States and nervousness on Wall Street about the election. It could also make it more expensive for the United States to finance its mountain of debt.

Source: CNN October 14, 2020 12:00 UTC