JPMorgan Chase Earnings Show Economy Is Resilient, but Jamie Dimon’s ‘Hurricane’ Looms

The nation’s largest banks are nervous about a recession, but their third-quarter earnings showed few signs of one yet.

JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup all said Friday they had socked away hundreds of millions of dollars apiece to cover potential loan defaults, dragging down their profits. Still, revenue rose at all three banks and beat analyst forecasts.