Big banks report soaring profits despite recent turmoil
Some of the largest U.S. banks reported banner first-quarter earnings Friday that exceeded investor expectations.
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Some of the largest U.S. banks reported banner first-quarter earnings Friday that exceeded investor expectations.
JPMorgan Chase, Citigroup and Wells Fargo comfortably beat expectations for earnings in the first quarter, when the failures of smaller banks sent jitters throughout the sector.
Despite tenuous times for the banking industry, some of the largest US lenders reported banner first-quarter earnings Friday that easily exceeded investor expectations.
The banks’ earnings were bolstered by higher interest rates, and eased concerns over the collapse of Silicon Valley Bank and Signature Bank. Read more at straitstimes.com.
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