By Elinor Comlay and Jonathan Stempel 21 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N) posted better-than-expected earnings on Wednesday despite higher credit losses, underlining their standing as among the strongest big banks in the battered U.S. financial sector.The banks are the first major U.S. lenders to report results for the third quarter, a difficult period for banks that grew dire in late September as credit markets seized up.
"If you are not fearful, you're crazy," JPMorgan Chief Executive Jamie Dimon said on a conference call.
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