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April 15, 2026

Banks see ‘resilient' economy but warn of rising energy prices

By KEN SWEET
AP Business Writer

NEW YORK — The nation's biggest banks posted another quarter of strong profits, helped by a resilient economy and a flurry of dealmaking for their investment banking units.

But the strong profits were clouded by the bank's outlook for 2026, as bank executives warned how high oil prices were starting to negatively impact the consumer and further geopolitical uncertainty could hamper economic growth as the year progresses.


 
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