Current location:politics >>
Big banks warn of uncertain year ahead after mixed financial performances in the first quarter
politics86942People 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.“Earthly Echoes news portal”。http://bosniaandherzegovina.bankruptcyintn.com/content-51a799881.html
Related articles
Farm family’s newest crop shows China’s solar ascendancy
politicsJINAN, China (AP) — Shi Mei and her husband earn a decent enough living by growing corn and millet o ...
【politics】
Read moreChina to hand over completed new parliament building to Zimbabwe
politicsPhoto taken on June 29, 2022 shows the Senate chamber in Zimbabwe's new parliament building on Mount ...
【politics】
Read moreEurope bears brunt of Russia
politicsA staff member hangs a US national flag before US President Joe Biden arrives for the European Counc ...
【politics】
Read more
Popular articles
- Jude Bellingham's new model girlfriend Laura Celia Valk looks sensational in a figure
- World political party leaders hail CPC's people
- (W.E. Talk) To Understand China, You Need to See China for Yourself
- Centennial celebrations of Chapman's Peak Drive held in Cape Town
- California congressman urges closer consultation with tribes on offshore wind
- Laotians appreciate Chinese medical team's timely help to combat COVID
Latest articles
Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
Comicomment: Who is stirring up the South China Sea?
IMF to downgrade forecast for over 140 economies amid Russia
Lao PM says China taking concrete actions to deepen global anti
Grant Shapps vows he WILL find more planes for mass parachute drop to mark 80th anniversary of D
China's foreign trade rebounds amid stronger economic recovery momentum
LINKS
- Cannes sets lineup with Lanthimos, Coppola and Trump film 'The Apprentice'
- Odysseus moon lander sends new images in its last hours
- The show goes on for Paramount with ‘Gladiator II,’ a new Damien Chazelle movie and more
- O.J. Simpson still reflects America's racial divides— even in death
- Moon landing: Odysseus marks first US landing in over 50 years
- April's total solar eclipse promises to be the best yet for experiments
- How major US stock indexes fared Friday, 4/12/2024
- Goldman, Brown families could be first in line for OJ Simpson's assets
- Rare sea creature washes ashore in Southern California
- Got kids? Here's what to know about filing your 2023 taxes