With stocks down today, it appears many investors are taking a cautious approach to this current environment. Earnings season has just begun, with several large banks kicking off the festivities. At first glance, some investors may take some solace in the numbers reported, at least when it comes to those of JPMorgan Chase (NYSE: JPM ). JPMorgan reported a record annual profit of $49.6 billion, with the company’s loan margins and acquisition of First Republic Bank driving these strong tailwinds. Unfortunately, for JPMorgan’s rivals Bank of America (NYSE: BAC ), Wells Fargo (NYSE: WFC ) and Citigroup (NYSE: C ), results came in much…
