Big Banks Post Strong Profits But Warn of Economic Dangers Ahead

JPMorgan, Wells Fargo and Citigroup reported strong profits but warned of economic risks from conflicts like Israel-Gaza.

JPMorgan CEO Jamie Dimon said this may be the most dangerous time in decades, with impacts on energy, food, trade.

Banks said consumers are still spending and borrowing but may be reducing balances as economy slows.

Citi CEO called bank "resilient," said US economy keeps surprising with resilience.

Dimon said banks are in contact about potential effects of international conflicts.