WSJ - Markets

Big Banks’ Credit Card Woes Spell Trouble for Smaller Issuers

J.P. Morgan Chase and Citigroup reported solid earnings Thursday, but also flashed a warning signal on consumer debt that investors in some other companies should heed.

The two banks beat analyst expectations for both revenue and profit growth in the third quarter, highlighting the advantages of their well-rounded business models.

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WSJ.com: Markets

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