Your current location:HOME >sport >Big banks warn of uncertain year ahead after mixed financial performances in the first quarter 正文
TIME:2024-05-21 06:53:25 Source: Internet compilationEdit:sport
NEW 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.”
Student fatally shot, suspect detained at Georgia's Kennesaw State University2024-05-21 06:12
Xi Arrives in South Africa for 15th BRICS Summit, State Visit2024-05-21 06:09
China's outbound tourism thrives during Chinese New Year holidays2024-05-21 06:04
Xi Says BRICS Important Force in Shaping Int'l Landscape2024-05-21 05:49
College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at2024-05-21 05:23
Winter Olympics' legacy: Booming interest for ice and snow sports2024-05-21 05:09
Richarlison doubles for Brazil, controversial penalty helps Ronaldo make history2024-05-21 04:59
China Focus: China embraces wider winter sports, leisure participation2024-05-21 04:57
Candice Swanepoel stuns in a form2024-05-21 04:17
U.S. travelers benefiting from China's visa rules2024-05-21 04:08
Ben Whishaw lights up the Croisette as he joins his co2024-05-21 06:49
China defeats Brazil, to battle Poland in VNL Finals semis2024-05-21 06:17
Xi Says BRICS Important Force in Shaping Int'l Landscape2024-05-21 06:13
Highlights of Asian Cup 20222024-05-21 06:09
Biden says Brown v. Board of Education ruling was about more than education2024-05-21 06:04
Xi Orders All2024-05-21 06:03
Counting down to Chengdu Universiade: venues with Sichuan flavor2024-05-21 05:26
Decade after divorce, woman finds new life on two wheels2024-05-21 05:18
Six killed in a 'foiled coup' in Congo, the army says2024-05-21 05:06
Kylian Mbappe informs PSG he will not trigger contract extension2024-05-21 04:17