Reality Check: The Bloomberg Close, Americas Edition

Good afternoon. Here’s what you need to know to end your day.

• Big bank earnings offer latest window into the US economy.

• The cost of car insurance jumps. Blame your touchscreen.

• Would you trade your 3% mortgage for a raise in another state?

JPMorgan, Citi and Wells Fargo posted mixed results amid an interest-rate outlook that’s been muddied by persistent inflation.

• Investors who plowed into shares of big Wall Street banks are getting a reality check as some benefits of higher interest rates wane.

• While many economic indicators remain positive, Jamie Dimon said there’s concern over war, geopolitical tensions and persistent inflationary pressures.

• As for inflation ...