Big Banks Say Trouble Is Coming, But Their Earnings Are Still Strong
https://www.wsj.com/finance/banking/jpmorganchase-jpm-q3-earnings-report-2023-db587ef
https://www.ft.com/content/c9d96458-f484-466f-be79-84df5b834275
JPMorgan Chase, Citigroup and Wells Fargo were all able to charge more on loans while increasing payouts on deposits more slowly. The three lenders collectively earned $49.6bn in net interest income during the third quarter. That is a 29 per cent increase from the year ago period.
https://www.wsj.com/finance/banking/jpmorganchase-jpm-q3-earnings-report-2023-db587ef
JPMorgan and Citi Pass Pain to Hedge Fund Shorts
https://www.washingtonpost.com/business/2023/10/13/earnings-jpmorgan-and-citi-pass-pain-to-hedge-fund-shorts/5aaae9d0-69f0-11ee-9753-2b3742e96987_story.html
https://www.washingtonpost.com/business/2023/10/13/earnings-jpmorgan-and-citi-pass-pain-to-hedge-fund-shorts/5aaae9d0-69f0-11ee-9753-2b3742e96987_story.html
https://www.ft.com/content/c9d96458-f484-466f-be79-84df5b834275
JPMorgan Chase, Citigroup and Wells Fargo were all able to charge more on loans while increasing payouts on deposits more slowly. The three lenders collectively earned $49.6bn in net interest income during the third quarter. That is a 29 per cent increase from the year ago period.