JPMorgan earnings stoke wider fears

You have to hand it to JPMorgan, which managed to beat estimates by four cents in the third quarter. Investment banking was strong, as most people expected. But the earnings did little to alleviate fears of a stronger slowdown in retail banking, a fear that is haunting the entire commercial banking sector. The flat to inverted yield curve is putting pressure on its deposit business, and the mortgage environment doesn't look like it will improve any time soon. So most people are pretty sure this limbo of sorts will hold at other banks, notably Citigroup. A host of smaller banks have issued earnings that make clear the entire industry is wrestling with these issues. Stay tuned.

For more on JPMorgan:
- Here's an AP update
- High profile talent left JPMorgan last month. Article