Big U.S. banks warn of uncertain year ahead after mixed financial performances in the first quarter

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Big U.S. banks warn of uncertain year ahead after mixed financial performances in the first quarter

Big banks warned of an “uncertain” year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere. JPMorgan reported a modest 6% rise in profits Friday while profits at Wells Fargo and Citigroup declined,…