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Bank earnings

COVID-19

Why big banks are reporting better-than-expected earnings during the pandemic downturn

by Mitchell Hartman
Oct 14, 2020
Quarterly earnings for big banks like Citigroup and JPMorgan Chase are beating expectations thanks to a soaring stock market.
Citigroup's net income of $3.2 billion, or $1.40 per share, topped analyst expectations for the third quarter.
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COVID-19

With COVID-19 hammering the economy, banks report first quarter earnings

by Nancy Marshall-Genzer
Apr 14, 2020
Many banks are still expected to pay dividends to shareholders.
The impact of the coronavirus crisis won’t show up until the second quarter, and some banks will soften the blow with profits from administering federal stimulus programs.
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Bank earnings skid on edgy markets

by Justin Ho
Jan 15, 2019
JPMorgan Chase and Citigroup are reporting weaker than expected earnings this week. Market volatility may have contributed to this as clients shy away from trading, which is a big part of banks’ business these days. Click the audio player above to hear the full story.
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Bank earnings show higher lending at lower rates

by Amy Scott
Jul 15, 2016
Banks are learning to live with "lower for longer" interest rates.
Wells Fargo's net income was $5.6 billion in the second quarter of this year.
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Bank earnings are down, but check out those balance sheets

by Tracey Samuelson
Apr 19, 2016
While global headwinds cut profits, regulation has created more stable institutions
Pedestrians pass a Chase bank branch in lower Manhattan on April 15, 2016 in New York City. As global markets continue to be rattled by the fall in energy prices and the easing of the Chinese economy, JP Morgan Chase, Bank of America and Wells Fargo announced on Thursday that their profits fell in the first quarter. At JPMorgan revenue fell 13 percent from a year earlier. 
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