Current location:politics >>
Big banks warn of uncertain year ahead after mixed financial performances in the first quarter
politics291People have gathered around
IntroductionNEW YORK (AP) — Big banks warned of an “uncertain” year ahead after mixed financial results during t ...
NEW YORK (AP) — Big banks warned of an “uncertain” year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere.
JPMorgan reported a modest 6% rise in profits Friday while profits at Wells Fargo and Citigroup declined, though both topped Wall Street expectations.
“Many economic indicators continue to be favorable. However, looking ahead, we remain alert to a number of significant uncertain forces,” JPMorgan CEO Jamie Dimon said, citing the wars in Gaza and Ukraine as well as other geopolitical pressures, high levels of government spending across the world and “persistent inflationary pressures.”
Dimon used language Friday that was similar to what he told investors in his annual shareholder letter earlier this week. In that letter, Dimon warned that geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as U.S. political polarization, could be creating an environment that “may very well be creating risks that could eclipse anything since World War II.”
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Space news portal”。http://elsalvador.shellye-mcdaniel.com/content-28b499937.html
Related articles
Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
politicsBritain has a new sports car. But it's not like anything else you've seen on the road before.Callum, ...
【politics】
Read moreFormer Florida Gov. and US Sen. Bob Graham remembered for his civility at memorial service
politicsMIAMI LAKES, Fla. (AP) — Family and friends remembered former Florida Gov. and U.S. Sen. Bob Graham ...
【politics】
Read moreProfound sadness, anger grips Israel on Memorial Day
politicsTEL AVIV, Israel (AP) — Ruby Chen’s son, Itay, was killed in the Hamas attack on Oct. 7. But unlike ...
【politics】
Read more
Popular articles
- Tom Brady and Jay
- Republican Vermont Gov. Phil Scott is running for reelection to 5th term
- When in Rome... look fabulous, says Lily Collins, 36, and co
- Controversy follows Gov. Noem after more South Dakota tribes banish her
- Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
- A fire burns down almost an entire shopping center housing 1,400 outlets in Warsaw
Latest articles
Kate Hudson hits the stage to debut songs from her new album Glorious at star
UK foreign secretary David Cameron says halting arms sales to Israel would strengthen Hamas
Nigeria's fashion and dancing styles in the spotlight as Harry, Meghan visit its largest city
Rhys Hoskins slugs 3
College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
Mitchell has 33 points, but Cavaliers can't contain Tatum and Brown in Game 3 loss to Celtics
LINKS
- Julia Fox and Law Roach team up for a sustainable fashion competition show
- Man recreates 20
- Lidia Bastianich, Melody Thomas Scott and Ed Scott to receive Daytime Emmys lifetime achievement
- Signatures submitted for 'top two' primary election in Republican
- Man dragged by bear following fatal car crash, Massachusetts state police say
- China's green loans see record
- Sports betting roundup: Betting the under works in hockey Game 7s while basketball goes over
- Sports betting roundup: Betting the under works in hockey Game 7s while basketball goes over
- Giants rookie Mason Black makes MLB debut in Philadelphia against childhood favorite Phillies
- I'm jealous of my husband's dead ex