shares slipped lower in pre-market trading heading into the bank's third quarter earnings report prior to Friday's opening bell.
The bank's profits will also be hit by the payment of $1.8 billion to the Federal Deposit Insurance Corporation in August as it helped replenish the government's deposit insurance fund, which was drained of around $16 billion following the collapse of Silicon Valley Bank and Signature Bank and the sale of First Republic.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Are High Rates Taking a Toll on Consumers? Bank Earnings Will Provide a ClueJPMorgan, Wells Fargo and Citigroup are set to kick off third-quarter bank results Friday
Fuente: WSJ - 🏆 98. / 63 Leer más »
Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loansHigher rates are expected to lead to a jump in losses on banks’ bond portfolios and contribute to funding pressures.
Fuente: nbcsandiego - 🏆 524. / 51 Leer más »
Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loansHigher rates are expected to lead to a jump in losses on banks’ bond portfolios and contribute to funding pressures.
Fuente: nbcchicago - 🏆 545. / 51 Leer más »
JPMorgan, Wells Fargo, Activision, Dollar General, Smart Global, and More Market MoversJPMorgan Chase, Wells Fargo, and Citigroup are scheduled to report quarterly earnings Friday, Microsoft's $75 billion acquisition of Activision Blizzard is...
Fuente: MarketWatch - 🏆 3. / 97 Leer más »
Wells Fargo's stock up 2% as third-quarter earnings top estimates by a wide marginBank beats profit and revenue estimates in latest quarter
Fuente: MarketWatch - 🏆 3. / 97 Leer más »