jpmorgan chase  co and citigroup inc reported lower profits on friday while wells fargo’s earnings climbed and beat wall street targets in 2022 wells fargo wfc expects 8 growth over its 358 billion in net interest income  or about 3866 billion that figure would beat the latest analyst target of 37 billion in net interest income in 2022 according to a survey by factset meanwhile jpmorgan chase jpm expects 2022 net interest income of about 50 billion which is below the latest wall street target of 557 billion jpmorgan chase also expects about 77 billion in adjusted noninterest expense up from 709 billion in 2021 shares of wells fargo rose 22 in premarket trades while jpmorgan dropped 34 citigroup c gave up 4 jpmorgan profit drops by nearly 2 billion  jpmorgan chase a component of the dow jones industrial average djia  said its fourthquarter net income fell to 104 billion or 333 a share from 1214 billion or 379 a share in the yearago quarter the results included benefit of a 18 billion or 47 cents per share from the release of credit reserves managed revenue rose 1 to 303 billion with reported revenue of 293 billion   the megabank was expected to earn 301 a share and generate revenue of 2978 billion according to a survey of analysts by factset total markets revenue of 53 billion fell 11 including a drop of 16 in fixedincome markets and a 2 dip in equity markets “the economy continues to do quite well despite headwinds related to the omicron variant inflation and supply chain bottlenecks” chief executive jamie dimon said “credit continues to be healthy with exceptionally low net chargeoffs and we remain optimistic on us economic growth as business sentiment is upbeat and consumers are benefiting from job and wage growth” wells fargo profit increases by 27 billion  wells fargo’s fourthquarter profit increased to 575 billion or 138 a share from 309 billion or 66 cents a share in the yearago quarter revenue increased to 2086 billion from 1849 billion the san franciscobased banking giant was expected to earn 111 a share on revenue of 1879 billion according to a factset survey of wall street analysts   “the changes we’ve made to the company and continued strong economic growth prospects make us feel good about how we are positioned entering 2022” ceo charlie scharf said “but we also remain cognizant that we still have a multiyear effort to satisfy our regulatory requirements – with setbacks likely to continue along the way – and we continue our work to put exposures related to our historical practices behind us” citigroup reported fourthquarter net income of 317 billion or 146 a share down from 43 billion or 192 a share in the yearago period revenue increased to 17 billion from 168 billion the new yorkbased bank beat the wall street targets of 139 in earnings on revenue of 1685 billion according to a survey by factset citi said it faced higher expenses partially offset by higher revenue and lower cost of credit the latest quarter also included a pretax impact of approximately 12 billion related to its previously announced divestiture of its consumer banking businesses in asia earlier on friday the bank said it agreed to sell its consumer banking franchises in indonesia malaysia thailand and vietnam to united overseas bank ltd u11  the deal includes a premium of about 690 million paid to citigroup plus a payment for the net assets of the acquired businesses uob disclosed 298 billion in aggregate net asset value for citigroup’s consumer business which includes citigroup’s retail banking the deal will affect about 5000 of citigroup’s consumer bank and supporting employees who are targeted to transfer to uob earlier this week citigroup revealed plans to exit its consumer business in mexico but it has yet to name a buyer the move took wall street analysts by surprise