US Stock Fluctuations | Bank stocks are mixed, Wells Fargo (WFC.US) drops nearly 3%, Goldman Sachs (GS.US) rises over 1%

Smart Finance APP has learned that on Tuesday, bank stocks were mixed, with Wells Fargo (WFC.US) falling nearly 3% and Citigroup (C.US) dropping almost 2%, while Goldman Sachs (GS.US) rose over 1% and JPMorgan (JPM.US) turned positive. In terms of news, earnings reports from major Wall Street banks have been released one after another, making bank stocks the focus. Both JPMorgan and Wells Fargo reported revenues below expectations. JPMorgan CEO Dimon stated that client activity in the markets and investment banking business slowed in the second quarter compared to the strong first quarter. Goldman Sachs reported third-quarter net revenue of $18.679 billion, up 23% year-on-year, with equity trading revenue soaring by 72%. Citigroup's third-quarter revenue was $23.85 billion, an 8% increase year-on-year.