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

JPMorgan, Chase & Co., Wells Fargo & Co. and Citigroup Inc. 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.
https://www.wsj.com/articles/jpmorgans-third-quarter-profit-drops-17-on-recession-planning-11665747402?mod=hp_lead_pos2