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At the same time, blowout numbers mostly failed to materialize. Consumers showed up in somewhat weaker lending margins, as spending stayed solid while showing some signs of deceleration.All in all, it was a good quarter for the big banks by any normal measure — just not a spectacular one.JPMorgan Chase reported third-quarter net income of $14.4 billion , up 12% from last year. Perhaps unsurprisingly, the bank’s markets division was the standout, with trading revenues jumping 25% to almost $9 billion, including a 33% rise from equities and 21% from fixed income. Investment banking fees climbed 16%, reflecting the stronger deal and underwriting activity that Wall Street widely expected.On the consumer side, JPMorgan’s results painted a picture of American households that remain sturdy but are losing some steam. Credit and debit card spending stayed solid, delinquencies edged up only slightly, and consumer balance sheets appeared largely intact. Consumer banking revenue rose on steady loan growth and stable deposits, though borrowing demand — especially for mortgages and autos — showed some early signs of fatigue.CEO Jamie Dimon said tha t while the U.S. economy “generally remained resilient,” the bank remains wary: “There continues to be a heightened degree of uncertainty stemming from complex geopolitical conditions, tariffs, and trade uncertainty, elevated asset prices and the risk of sticky inflation.”Dimon’s essential message? Americans are still spending, but the pace is slowing, so watch this space.Goldman Sachs quarter was powered by dealmaking and trading activity . Revenue rose 20% to $15.2 billion and net income rose to $4.1 billion, up 37% from a year earlier. Investment banking fees surged 42% to $2.7 billion, led by a sharp pickup in mergers and leveraged finance, while trading revenue climbed 17% on strength in fixed income and commodities.Goldman’s asset and wealth management division also posted double-digit growth as client activity and private lending increased. Operating expenses rose 14% on higher compensation and legal costs, but all in all, the results mark Goldman’s best quarter in over a year, suggesting the bank’s core strengths—advisory, trading, wealth—are good businesses to be in, right about now.For Blackrock, revenues are surging thanks to its unmatched scale, but profit growth looks muted because of acquisitions. Those acquisitions will drive future income, of course. 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