News Formal

Big bank earnings show consumers may be losing spending steam

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 12 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Bank Of America Новости

Consumer Spending,Morgan Stanley,Earnings Reports

In the wake of earnings reports from major banks like Bank of America (BAC) and Morgan Stanley (MS), a mixed picture is emerging about the state of consumer ...

Bank of America, for instance, reported that its net charge-offs — debts unlikely to be recovered — rose to $1.5 billion year over year, up from $807 million in the prior-year period. At the same time,These figures raise concerns about whether consumers can sustain their current spending habits in an inflationary environment.

Trump says $175 million bond is financially secure, asks judge to reject New York attorney general’s challenge Canada's inflation rate ticks up to 2.9% in March amid higher gas prices, boosting June rate-cut bets

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 47. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Bank earnings, stock futures, oil prices: 3 ThingsBank of America (BAC) and Morgan Stanley (MS) both topped their first-quarter earnings estimates with the major bank stocks rising ahead of Tuesday's market ...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Bank of America Cuts Space in Hong Kong in Blow to Office MarketBank of America Corp. is cutting some office space in its headquarters in Hong Kong’s Central district, according to people familiar with the matter, underscoring the headwinds for the city’s commercial landlords.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »