. 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.
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.
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