First quarter saw a revival in initial public offerings and M&A, but expectations for interest-rate cuts have faded
JPMorgan, Wells Fargo, Citi first-quarter profit expected to be flat as interest rates rise and loan activity lags
![](https://themarketcrash.net/wp-content/uploads/2022/06/HMSLC71-800x400.jpg)
First quarter saw a revival in initial public offerings and M&A, but expectations for interest-rate cuts have faded
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