BUZZ — US Banks: JPM rises, Wells Fargo falls after Q3 results

(Updates) JPMorgan Chase & Co * Shares up 1.6% premarket after co reported higher Q3 profit but also a moderation in dealmaking momentum from the prior quarter * Bank reported an 8% decline in investment banking fees vs Q2, though revenue from the unit rose 14% vs a year ago * Avg. rating of 27 analysts on the stock is 'buy', while the median PT is $370 - LSEG data * JPM's stock has advanced ~3.7% YTD Wells Fargo * Shares down 1.3% premarket after co reported a rise in Q3 profit * The fourth-largest US lender reported net income of $5.95 bln, or $1.87/share, compared with $5.59 billion, or $1.66/share, a year earlier * WFC said its customers are doing well despite economic uncertainty, but shares fell amid broader investor caution on the banking sector over future Fed rate hikes * Stock has fallen ~10.6% YTD * Goldman Sachs, Citigroup and Morgan Stanley down between 0.7% and 1.7% (Reporting by Rashika Singh) ((Rashika.Singh@thomsonreuters.com)