Current location:Stellar Signals news portal > politics
Big banks warn of uncertain year ahead after mixed financial performances in the first quarter
Stellar Signals news portal2024-05-08 08:12:13【politics】9People 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.”
Address of this article:http://lececoqilutisire.allesfuersjagen.com/article-28b499937.html
Very good!(88337)
Related articles
- Poland's Tusk calls secret services meeting after defection of judge to Belarus
- Animal abuse denies student post
- 4 dead in Ecuador traffic accident
- Tehran not seeking to continue "defensive operation" against Israel: FM
- Too much water, and not enough: Brazil's flooded south struggles to find basic goods
- China slams harassment of ship crew by US Customs
- Mexico formally denounces Ecuador to ICJ for embassy raid
- Number of foreign visitors to China sees significant rebound
- Donald Trump moves much of his White House campaign to New York
- Profile: President of Suriname Chandrikapersad Santokhi
Popular articles
Recommended
Sparks move home game against Caitlin Clark and Indiana from Long Beach to downtown Los Angeles
EU unveils 'remedy' for migrants
Trains on east route of China
Chile recalls ambassador to Venezuela for consultations
Giro leader Tadej Pogacar finally takes it easy in Stage 4. Jonathan Milan takes a sprint victory
Egyptian FM urges restraint after Iranian attack on Israel
Mexican embassy staff leave Ecuador after break in diplomatic ties
Comicomment: NATO at 75, what's next?
Links
- Trump posts $91m bond as he appeals against E Jean Carroll defamation case
- Israel scraps visit after US allows passage of Gaza ceasefire resolution
- French couple who kept 159 cats banned from keeping pets
- New Plymouth councillor questions cost of new otter enclosure at Brooklands Zoo
- Video shows raid on ship near Strait of Hormuz that a Mideast official says was carried out by Iran
- Sinkhole opens up on busy Auckland road as water main bursts
- Government warns against travel to Gaza, Israel border regions
- Where Baltimore bridge investigation goes now
- Commentary: Overcapacity, a protectionist rhetoric
- Good News: Stories that cheered us up for the week of 11