JPMorgan Chase Earnings Show Economy Is Resilient, but Jamie Dimon’s ‘Hurricane’ Looms

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The nation’s largest banks are nervous about a recession, but their third-quarter earnings showed few signs of one yet

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JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. all said Friday they had socked away hundreds of millions of dollars apiece to cover potential loan defaults, dragging down their profits. Still, revenue rose at all three banks and beat analyst forecasts.

 

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Nervousness is of the mind. Are these Banks calling recession to come into reality through their fears of Russia/Ukraine War which has no end yet in site because of Pride and Intransigence of all parties involved?

It's okay, the government will just send us more stimulus money

Fortress balance sheet

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