U.S. Markets open in 8 hrs 1 min

[$$] Profit Gains at JPMorgan, Citigroup Reflect a World in Growth Mode

JPMorgan Chase & Co. and Citigroup Inc. posted double-digit profit increases in the second quarter as businesses and consumers showed confidence in stronger economic growth by borrowing more, although investors remained wary in the face of trade conflicts and interest-rate uncertainty. The performance of the two banks reflected continued employment gains in the U.S., a boom in deal-making among companies and increasing investment by businesses flush with more cash following the recent tax-code overhaul. JPMorgan Chief James Dimon said the economy was charging ahead on most fronts, bolstering banks.