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Banks warned of risks in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere.
NEW YORK (Reuters) - The uncertain trajectory of interest rates is making it hard for U.S. banks to forecast profits and leading some to adopt a cautious stance for the remainder of the year. Banks have reaped high profits in recent quarters as the...
While the banks did better than analysts expected, the mixed financial data from the first months of 2024 gave concern about the state of the economy.
Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession. JPMorgan Chase reported higher profits, citing increased asset management and investment banking fee ..
While the banks did better than analysts expected, the mixed financial data from the first months of 2024 gave concern about the state of the economy.