CNBC Daily Open: JPMorgan's big profit growth isn't likely to persist

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeMonday. Mainland China's Shanghai Composite fell around 0.4%, and the yuan weakened marginally, as the People's Bank of China left its short- and medium-term lending rates unchanged.surged 35% from a year ago to hit $13.

Given the high yields on U.S. Treasury and money market funds, analysts thought banks would be forced to shower depositors with higher interest rates, reducing net interest income. That didn't happen. On the contrary, net interest income rose from a year ago at

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CNBC Daily Open: JPMorgan's big profit growth isn’t likely to persistGoing into this earnings season, analysts feared big banks’ income wouldn’t hold up from the previous quarters. Those fears didn’t materialize — for now.
Source: CNBC - 🏆 12. / 72 Read more »

CNBC Daily Open: Big banks' big profits aren't likely to lastGoing into this earnings season, analysts feared big banks’ income wouldn’t hold up from the previous quarters. Those fears didn’t materialize — for…
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CNBC Daily Open: Big banks’ big profits aren’t likely to lastGoing into this earnings season, analysts feared big banks’ income wouldn’t hold up from the previous quarters. Those fears didn’t materialize — for now.
Source: CNBC - 🏆 12. / 72 Read more »