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NEW YORK: The nation's six big Wall Street banks posted record, or near record, profits in the first quarter, and they can thank one person in particular: The U.S. President Donald Trump.Combined, the six banks saved at least $3.59 billion last quarter, according to an Associated Press estimate, using the bank's tax rates going back to 2015 .JPMorgan Chase said it had a first-quarter tax rate of 18.3 percent, Goldman Sachs paid just 17.2 percent in taxes, and the highest-taxed bank of the six majors, Citigroup, had a tax rate of 23.7 percent. This is just one quarter's results, however, and bank executives at the big six firms have estimated that their full-year tax rates will be something closer to 20 percent to 22 percent.
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