Big Banks Say Trouble Is Coming, but Their Earnings Are Still Strong

📆 13/10/2023 22:34:00
📰 WSJ

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When JPMorgan Chase bought First Republic Bank in May, all eyes were on its CEO, Jamie Dimon. Here’s how the executive’s strategy for managing risk propelled him to the top of the banking world. Photo illustration: John McColgan

JPMorgan, Wells Fargo and Citigroup beat expectations. ‘I do think we’re likely to land things in a softer way’

Robust economic growth propelled earnings at the nation’s largest banks, but their executives warned the good times may be coming to an end.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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Stock futures on the fence as investors wait for earnings kickoff from JPMorgan, other big banksBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
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