More From David Henry
U.S. Banks Boost Outlook For Net Interest Income Amid Fed Rate Rises
Big U.S. banks say net interest income, a key source of revenue, will continue to grow this year as interest rates rise, helping to buffer their bottom lines against declines in other key areas of the business.
Jul 18, 2022
Big U.S. Banks' Second Quarter Profits To Tumble On Higher Bad Loan Reserves
Second quarter profits at big U.S. banks are expected to fall sharply from a year earlier on increased loan loss reserves, as the pandemic recovery gives way to a possible recession.
Jul 11, 2022
U.S. Banks Finally See Upturn In Credit-card Borrowing
Big U.S. banks including JPMorgan Chase & Co and Citigroup appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.
Jun 10, 2022
Is JPMorgan Slipping? Analysts Will Be Asking CEO Dimon At Conference
Concerned that JPMorgan Chase & Co might be starting to lose its profit advantage over competitors, analysts and investors are lining up questions for long-time CEO Jamie Dimon and other executives appearing at the bank's first investor conference in two years on Monday.
May 19, 2022
Citi In 'Active Dialog' To Sell Russia Consumer Business, CEO Says
Citigroup Inc is in "active dialog" to carry out the sale of its Russia consumer business that it announced a year ago, Chief Executive Jane Fraser said on Monday.
May 02, 2022
Citi CEO Says Sanctions Will Splinter Global Financial Order
Western countries' use of economic sanctions to punish Russia for its invasion of Ukraine is prompting some international clients of Citigroup Inc to explore new ways to conduct trade and finance, the bank's chief executive said on Monday.
May 02, 2022
U.S. Bank Earnings To Decline In First Quarter
Big U.S. banks are expected to show a sharp decline in first quarter earnings from a year ago, when they benefited from exceptionally strong dealmaking and trading, and funds set aside for loan losses being released.
Apr 08, 2022
Analysis-As Bond Prices Swoon, U.S. Banks May Slow Stock Buybacks
Wall Street bankers have long talked about how higher interest rates will deliver additional revenue from loans and higher-yielding securities.
Apr 07, 2022
U.S. Bank Profits Could Be Hit By Russia-linked Asset Swings
Swings in asset prices following Russia's invasion of Ukraine could hit first-quarter profits at big U.S.
Mar 23, 2022
Dollar Firms As Oil Prices Moderate, Taking Momentum From Euro
The U.S. dollar index recovered after falling on Tuesday as volatile oil prices impacted the euro and markets grappled with the significance of talks between Russia and Ukraine and indications that COVID lockdowns will crimp economic growth in China.
Mar 14, 2022
Analysts Downbeat On Citigroup's Repair Timeline, Russia Risks
Bank analysts offered downbeat assessments on Thursday of the timeline Citigroup Inc laid out this week for lifting profits and some said the risk of losses in Russia could reduce its stock repurchases this year.
Mar 03, 2022
Citigroup Executives Test Positive For COVID, Will Hold Virtual Event Wed
Citigroup Inc Chief Financial Officer Mark Mason and investment banking head Paco Ybarra have tested positive for COVID-19, forcing the company to hold its investor day as a virtual day on Wednesday instead of in person.
Feb 28, 2022
Citigroup Readies Wide-ranging Plan To Win Over Skeptics
Citigroup executives will lay out detailed plans for generating better returns and address concerns over expenses at a shareholder meeting next month which analysts and investors say could determine its future.
Feb 23, 2022
JPMorgan Spreads Its Urban Development Money To Paris
JPMorgan Chase & Co (JPM.N), the biggest U.S. bank by assets, said on Sunday that it has selected impoverished areas around Paris as the first foreign focus of an urban economic development strategy it started four years ago in Detroit.
Nov 04, 2018
JPMorgan's Dimon Backtracks After Saying He Could Beat Donald Trump
Jamie Dimon, CEO of JPMorgan Chase & Co (JPM.N), quickly backtracked on Wednesday morning from having said he could beat President Donald Trump in a campaign but not liberal Democrats.
Sep 12, 2018
