Bank earnings signal dark clouds on the horizon

  • 📰 CNN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

All of the biggest US banks saw profits take a hit in the first three months of 2022, ending a pandemic-era boom

. Citi, Goldman Sachs, Morgan Stanley and Wells Fargo all announced large year-over-year profit declines in their first-quarter earnings reports Thursday, joining JPMorgan Chase, which announced Wednesday that its first-quarter profit fell 42%. Citi saw a drop of 46%, Goldman Sachs fell 42%, Morgan Stanley dropped 11% and Wells Fargo fell 21%.

1 billion, aided largely by increased management fees and credit card balances.Citi also prepared for big losses caused by geopolitical strife. The bank added $1.9 billion to its reserves in order to prepare for losses from Russia and the Ukraine war. The bank beat estimates, bringing in $2.02 per share, compared with forecasts for $1.43 per share. Morgan Stanley beat earnings estimates and saw strong revenue from equity and fixed income.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

CNN are hypocrites with covid. Now they sound just like Fox News! They now think mask mandates on airlines are joke! This is the 1 way covid is spread. Now they are for people choosing to kill others! You can unknowingly infect and kill others. Not what I voted for! VILE! 1/1

Credit Unions are better

cnn ABC NYTIMES WASHINGTONPOST MSNBC CBSNEWS FOXNEWS cnbc Reuters Trusting people advice with no medical experience. Will always cause a set back. The economy opened too quickly. It is totally necessary to regroup to control the spread of Covid.

But corporations profited big time during the pandemic and now Putin's Invasion

Thanks Brandon.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists – Finance Bitcoin NewsThe spread of cryptocurrencies brings significant risks for Russia’s economy and currency, Bank of Russia has reiterated. Is it possible to somehow reduce the fees? Thank you very much_,, ahju What is your opinion about the current Bitcoin state, since its Fear and Greed Index is 50 - NEUTRAL, with price of 40139.600192440035 usd? Our analytical team has done extended research regarding BTC, but we want to hear your opinion also.
Källa: BTCTN - 🏆 531. / 51 Läs mer »