Loading...
Major US banks, including JPMorgan, Citigroup, Wells Fargo, and Bank of America, are set to write off an estimated $5.3 billion in combined third-quarter net charge-offs, the highest since Q2 2020. JPMorgan's profit has risen, boosted by record net interest income, higher interest rates, and the purchase of First Republic Bank. Citigroup's profit remains steady, fueled by rising interest payments and a surge in investment banking fees. Despite the record third-quarter haul, the banks have warned of higher capital requirements, rising loan losses, and potential war fallout. The banks' performance has topped analysts' expectations, showing their resilience amidst challenging conditions.
Three of Wall Street’s biggest banks just notched a record third-quarter haul — and issued a slew of warnings on everything from higher capital requirements and rising loan losses to the fallout from war. https://t.co/U1s17TWXbO
Q3 earnings season started strong for banks. $PGR $WFC $JPM $C $BLK $PNC https://t.co/bFQhkejPcW
Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul https://t.co/dSECMCfS3d https://t.co/3PDsqHrtJc
Profits for JPMorgan Chase ($JPM), Citigroup ($C) and Wells Fargo ($WFC) rose in the third quarter, a show of strength by the largest banks despite headwinds faced by many of their smaller rivals this year. https://t.co/c1QMlvQoss https://t.co/gGKfGhjaLo
The increase came as the bank continues to reap the benefits from higher interest rates and lower than normal loan losses https://t.co/mCKIbvLH63 https://t.co/K46uaIHMZE
Citigroup profit beats estimates on trading, investment banking; shares rise https://t.co/keLUna2jMK https://t.co/j2YOnMc46V
Three of Wall Street’s biggest banks just notched a record third-quarter haul — and issued a slew of warnings on everything from higher capital requirements and rising loan losses to the fallout from war. https://t.co/7PZjPuiPyY
JPMorgan profit beats estimates on record interest income, First Republic purchase https://t.co/xwbC31Gjj5 https://t.co/JSZAYk3Fta
Banks Kick Off Q3 With Blowout Earnings https://t.co/wTyum8g337 $JPM $WFC $C
How were $JPM earnings? JPMorgan topped analysts’ estimates for Q3 profits and revenue as the bank generated higher interest income, while credit costs remained lower than expected.
JPMorgan Chase profits jump, warns on inflation and wars https://t.co/GueGDEySL8
$C (+2.7% pre) Citigroup stock jumps on better-than-expected revenue for the third quarter - CNBC https://t.co/rYR6M6wde9
JPMorgan topped analysts’ expectations for both profit and revenue in the third quarter. @LesliePicker has the numbers. https://t.co/nMcjhBIYa5 https://t.co/5vGantYFWj
Citigroup profit holds steady as investment banking fees jump https://t.co/wVQEz7S0oU https://t.co/h7u3FrbwUe
JPMorgan Reports Blowout Earnings, Record Net Interest Income Thanks To First Republic Collapse, Boosts Outlook https://t.co/6bps7d3SYe
JPMorgan profit surges on record interest income, First Republic purchase https://t.co/hwCH7DdQuR https://t.co/zdjjvZxFmz
💰 CITIGROUP PROFIT HOLDS STEADY AS INVESTMENT BANKING FEES JUMP Full Story → https://t.co/Y5sQfzUKNB Citigroup's profit was broadly steady in the third quarter, fueled by rising interest payments and surging investment banking fees. https://t.co/wPCApbpzGN
JPMorgan Chase said its third-quarter profit rose 35%, boosted again by rising interest rates https://t.co/EZqXvJLBOM
JPMorgan posts another quarter of record net interest income, helped by higher interest rates and its purchase of First Republic Bank https://t.co/JbhLzkvTQ2
Here's what to expect from Citigroup's third-quarter earnings report https://t.co/1nIWYj2Mt3
JUST IN: JPMorgan posts another quarter of record net interest income and boosts its forecast for the year as it benefits from higher interest rates and its purchase of First Republic Bank https://t.co/6oOgP6hgSf
JUST IN: JPMorgan posts another quarter of record net interest income and boosts its forecast for the year as it benefits from higher interest rates and its purchase of First Republic Bank https://t.co/2WfD1byium
JPMorgan profit rises on interest income boost, First Republic purchase https://t.co/fxUkLlXiPC https://t.co/qjFUfSdQNB
Big bank earnings are upon us again, starting with results from JPMorgan, Citi and Wells Fargo. https://t.co/aiBnKwVWaT
💰 JPMORGAN PROFIT RISES ON INTEREST INCOME BOOST Full Story → https://t.co/ShiE3l6xCt JPMorgan Chase's profit rose in the third quarter as higher interest rates boosted its income from loans, the bank reported on Friday. https://t.co/Jq3CM12LIY
The big banks are expected to post ~$5.3bn in combined net charge-offs. That would be the most since 2020. $BAC $JPM $WFC $C @brebradham https://t.co/j9GczA6cih
The big banks are expected to post ~$5.3bn in combined net charge-offs. That would be the most since 2020. @brebradham https://t.co/l7HShcs7dq
Whether US banks are prepared for an extended period of high rates will be a central theme running through the Q3 earnings season that kicks off Friday with results from giants JPMorgan, Citigroup, and Wells Fargo. https://t.co/4cF0ccADfR
Ahead of bank earnings tomorrow, it is widely expected that charge-offs climb at the big four: $BAC, $JPM, $WFC, $C https://t.co/X4ABdI5iZO
When US banks kick off the third-quarter earnings season Friday, it will mark the first in a long line of hurdles the group needs to clear in order to assuage investor fears https://t.co/S1UuUiPULA
Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans https://t.co/gFMpVfj1H0
The biggest US banks are poised to write off more bad loans than they have since the early days of the pandemic https://t.co/tZZgsqknPu
The biggest US banks are poised to write off more bad loans than they have since the early days of the pandemic https://t.co/EVe9zyPlZP
The biggest US banks are poised to write off more bad loans than they have since the early days of the pandemic https://t.co/jXFTWcfUIE
When US banks kick off the third-quarter earnings season Friday, it will mark the first in a long line of hurdles the group needs to clear in order to assuage investor fears https://t.co/llsk397x7u
JPMorgan, $JPM, Citigroup, $C, Wells Fargo, $WFC, and Bank of America, $BAC, will post roughly $5.3 billion in combined third-quarter net charge-offs, the highest for the group since the second quarter of 2020, per Bloomberg. https://t.co/Gsgs9jUKjK
The biggest US banks are poised to write off more bad loans than they have since the early days of the pandemic as higher-for-longer interest rates and a potential economic downturn are putting borrowers in a bind, per Bloomberg.
"The biggest US banks are poised to write off more bad loans than they have since the early days of the pandemic." @markets | #Context ..... | https://t.co/7kjKg8EDtT https://t.co/utbVHIg1aS
The biggest US banks are poised to write off more bad loans than they have since the early days of the pandemic https://t.co/TAlwze9V3N
The biggest US banks are poised to write off more bad loans than they have since the early days of the pandemic https://t.co/Yo0qiQtXCT
The biggest US banks are poised to write off more bad loans than they have since the early days of the pandemic https://t.co/LPBzOzl10l
The biggest US banks are poised to write off more bad loans than they have since the early days of the pandemic: Here’s your Evening Briefing https://t.co/zo5VH00ozX