The Value Investor caught the headline—(https://www.marketwatch.com/story/goldman-sachs-and-morgan-stanley-had-a-monster-quarter-analysts-say-these-giants-could-be-next-47b42e15?mod=mw_rss_topstories)—but missed the real story. $JPM posted in quarterly EPS last quarter on deposit rate hikes and trading volatility, not core lending durability.

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