Even as dealmaking stalls, US banks post increased profits.
Wall Street banks are expected to report stronger second-quarter profits as growing interest payments offset a dealmaking slowdown. Universal banks like JPMorgan and Wells Fargo are expected to report EPS increases of more than 40%, while BAC.N’s EPS may rise over 7%. Citigroup is predicted to fall 43% behind its peers in EPS. Goldman Sachs’…