What to Watch in Bank Earnings, From Interest Rates to Omicron’s Impact

  • 📰 WSJ
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

JPMorgan, Wells Fargo and Citigroup are due to report their latest earnings on Friday, as big banks start to disclose fourth-quarter results

to report about $4.2 billion in trading revenue for the quarter, according to FactSet. That would still be up about 20% from the fourth quarter of 2019, but down about 45% from the first quarter of 2021.could lead to higher lending profits

. KBW analysts expect adjusted net interest income to rise 8% in the fourth quarter from a year earlier. That growth might continue in 2022, which is enticing investors. The KBW Nasdaq Bank Index has rallied more than 10% since Dec. 15, when the Federal Reserve signaled itin 2022. JPMorgan Chief Executive Jamie Dimon predicted more than four increases this year in a CNBC interview Monday. The Fed signaled last week that it could raise interest rates as soon as March.

Loan growth is starting to tick higher after a lull through much of the pandemic. Total loans at U.S. banks reached $10.76 trillion at the end of December. That is up 2.8% from the end of September and not far from the high reached shortly after the pandemic began in 2020., shows little sign of slowing. Global investment-banking revenue topped $31 billion in the fourth quarter, according to Dealogic. That is down slightly from earlier quarters in 2021, but well above pre-pandemic levels.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States United States Latest News, United States United States Headlines