Fourth-quarter reports show some big banks are saving for a recession

Jan 13, 2023
In the face of high inflation, rising interest rates and a slowing global economy, banks are setting aside reserves — just in case.
Bank of America told investors Friday that it generated a 2% profit bump last quarter. Many big banks have been squirreling away cash to prepare for an economic downturn.
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Why big banks are "canaries in the economic coal mine"

Jan 9, 2023
On Friday, Bank of America, Citigroup, Wells Fargo and JPMorgan Chase will post earning reports. Parts of their business struggled in the fourth quarter.
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Lending is strong as borrowers tap their credit

Jul 18, 2022
Banks are reporting increased lending to both consumers and businesses.
People have been spending more on their credit cards, and some are using buy-now, pay-later services, says Andrew Davidson with Comperemedia.
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Big banks' second-quarter earnings come with caveats

Jul 13, 2021
Remember: this economy is very unusual.
The headquarters of Goldman Sachs in New York City. The bank reported second-quarter earnings today that blew past Wall Street expectations, posting a net profit of almost $5.5 billion.
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Banks earnings expected to reflect an economy that is reopening

Apr 13, 2021
A strong stock market is giving banks a boost at the moment.
With unemployment still high, however, it’s hard for some households to make their monthly payments on credit cards, auto and home loans, said Greg McBride at Bankrate.com.
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Why big banks are reporting better-than-expected earnings during the pandemic downturn

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

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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For public good, not for profit.

Bank earnings skid on edgy markets

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.

Bank earnings show higher lending at lower rates

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

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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