The largest U.S. lenders are expected to report moderately higher third-quarter profits next week as pandemic-related accounting adjustments that had doubled their earnings earlier this year taper off and business starts to return to normal. Analysts, on average, expect JPMorgan Chase & Co., the country’s largest lender, to report slightly lower profits compared with the year-ago period when it kicks off earnings season on Wednesday, according to I/B/E/S data from Refinitiv. Next Thursday, Citigroup Inc. and Morgan Stanley are both expected to report a 15 percent rise in profits, while Bank of America Corp. is expected to be up about 35 percent. Wells Fargo & Co., which also reports Thursday, is expected to show a massive 100 percent-plus jump on a quarter in which results were depressed by unusual expenses. Goldman Group Inc. will cap the week on Friday, with profits expected to be up slightly. Stock buybacks will provide …
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