As expected, money center banks like Wells Fargo and JPMorgan outperformed financials that lean more heavily on wealth management and investment banking such as Morgan Stanley and Goldman Sachs .
A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs.Despite a murky macroeconomic environment and heightened fears around the health of the banking sector, the nation's largest financial institutions all reported earnings beats for the third quarter.
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