Beats on revenue and profit didn’t do much to impress investors because forecasts for some key metrics came in worse than expected, and all of the lenders put aside more money to cover loans that might go bad. In most cases, the sums were more than analysts had reckoned.
higher-than-expected fourth-quarter expenses, even after the firm warned of a hefty loss tied to a regulatory sanction last month. The firm spent $16.2 billion in the last three months of the year, exceeding analyst estimates. “Though the quarter was significantly impacted by previously disclosed operating losses, our underlying performance reflected the progress we are making to improve returns,” CEO Charlie Scharf said in a statement. “Rising interest rates drove strong net interest income growth, credit losses have continued to increase slowly but credit quality remained strong, and we continue to make progress on our efficiency initiatives.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
International Finance: Asia stocks rise on US inflation bets; yen rallies: markets wrapAsian equities followed Wall Street higher on Thursday as wagers for a further softening of US inflation buoyed appetite for risk taking in global markets.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »
Russia demoted the 'absolutely ruthless' general who has been leading the war in Ukraine | Business InsiderGeneral Sergei Surovikin is being replaced after getting the job last October. He will now serve as a deputy to his successor, General Valery Gerasimov.
Fuente: BISouthAfrica - 🏆 34. / 51 Leer más »
Twitter executives told advertisers to get used to Elon Musk's unpredictability, report says | Business InsiderThe world's largest ad buyer has reportedly cut its spending on Twitter by 40%-50% as company executives continue to alienate advertisers.
Fuente: BISouthAfrica - 🏆 34. / 51 Leer más »
Business Maverick: Bitcoin extends its longest winning streak since pandemic daysA prolonged rally in Bitcoin is giving crypto enthusiasts a smidgen of something to be happy about during a dark period for the industry. Long may it continue. If it follows the past 13years trends then 23,24,25 will be 3 good years of rallies. 26 slump. 27, 28, 29 another rally. 30 slump, 31, 32,33 rally....i sell some of my crypto then😁
Fuente: dailymaverick - 🏆 3. / 84 Leer más »
Business Talk – The favourite talk show of South African executivesBusiness Talk had a brilliant 2022 and once again proved to be South Africa’s leading online business talk show.
Fuente: BusinessTechSA - 🏆 24. / 61 Leer más »
Bill Gates is meh on Web 3 and the metaverse, but bullish on AI | Business InsiderThe Microsoft cofounder was giving his take on the tech trends at his annual Ask Me Anything session on Reddit, where he answered a handful of questions posed by Reddit users on a variety of subjects.
Fuente: BISouthAfrica - 🏆 34. / 51 Leer más »