A strong stock market and a vibrant economy that never fell into recession have boosted earnings at financial institutions.
Revenue for the U.S. paper mill industry has declined in recent years. E-commerce, though, has stirred a boom in cardboard packaging.
The classic way banks make money rests on three words: net interest income.
In the face of high inflation, rising interest rates and a slowing global economy, banks are setting aside reserves — just in case.
On Friday, Bank of America, Citigroup, Wells Fargo and JPMorgan Chase will post earning reports. Parts of their business struggled in the fourth quarter.
A recent court case involving Citi brought the issue of accidental payments into the spotlight.
They’ve been among the most aggressive employers when it comes to bringing workers back into face-to-face contact.
Along with protecting the lunch hour, the bank also suggested meetings should be no more than 45 minutes.
Mostly, it’s about marketing.
They’ve been raking in money thanks to the strong stock market, companies’ appetite for debt and initial public offerings.
