The first round of bank earnings for the second half concluded on Friday, showcasing generally better-than-expected results from three of the largest U.S. banks: JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Wells Fargo & Co. (NYSE:WFC). Despite the overall positive trend, market reactions were broadly negative, particularly for Wells Fargo, reflecting some specific concerns and risks. Read Also: JP Morgan Chase Q2 Earnings: Investment Banking Revenues Up 46%, CEO Jamie Dimon’s Cautious Comment And More JPMorgan The largest U.S. bank by assets, reported earnings per share (EPS) at $6.12, surpassing the consensus estimate of $4.29. Adjusted revenue reached $50.99 billion, slightly above the forecast of $50.2 billion. Loan balances were in line with expectations at $1.32 trillion Total deposits fell short at $2.4 trillion compared to the anticipated $2.43 trillion. Managed net interest income totaled $22.86 billion, slightly higher than the expected $22.82 billion. The provision for credit losses stood at $3.05 billion, above the estimated $2.83 billion. According to Goldman Sachs analyst Richard Ramsden, trading results exceeded consensus expectations by 7%, driven by a 2% increase in Fixed Income, Currencies, and Commodities (FICC) and a 15% rise in Equities. The year-over-year growth in trading, at 10%, surpassed the high end of the intra-quarter guidance, which had anticipated revenue growth to be slightly above ...