Current location:Culture Circle news portal > opinions
Big banks warn of uncertain year ahead after mixed financial performances in the first quarter
Culture Circle news portal2024-05-22 01:58:41【opinions】2People 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://mongolia.boluescortbayan.net/content-73c999837.html
Very good!(2)
Related articles
- Sienna Miller's lookalike daughter Marlowe, 11, makes her first ever red carpet appearance
- Beijing International Film Festival to feature French film week
- Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
- IAEA chief calls for maximum restraint over Zaporizhzhia attacks
- IF starring Ryan Reynolds lands at the top of a lackluster box office with less
- Illegal maritime artifacts seized in Beijing
- Israel prepares attack on Rafah as truce talks resume in Egypt
- Surging popularity of Chinese books at Bangkok Int'l Book Fair
- Rays opening
- Israeli cabinet convenes in preparation for possible Iranian retaliation
Popular articles
Recommended
National Television Awards 2024 nominations: Michelle Keegan and Leo Woodall go head
IAEA chief calls for maximum restraint over Zaporizhzhia attacks
Xi extends condolences to Putin over deadly Moscow concert hall terror attack
IAEA chief calls for maximum restraint over Zaporizhzhia attacks
Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
Israel prepares attack on Rafah as truce talks resume in Egypt
Traveller shares little
Beijing 2022 flag bearer trains volunteers for 31st FISU University Games
Links
- Hong Kong man jailed 21 months for throwing eggs
- Auckland bus services disrupted by police search warrant
- ACT leader David Seymour laments 'lost decades' as coalition gets to work
- US warns China will use Olympics to gloss over abuses
- KiwiRail seeks advice to extend life of Interislander Kaitaki ferry
- RSV immunisation for babies: Doctors call for urgent access
- Labour's Rino Tirikatene retires from politics
- Kaimanawa horses adoptions threatened by cost of living
- Auckland bus services disrupted by police search warrant
- Taiwan eyes first virus case in two months