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Higher interest rates are lifting the fortunes of the nation’s biggest banks. They aren’t doing the same for the banks’ customers. Earnings for JPMorgan Chase (), Citigroup (), and Wells ...
At Citigroup, its average rate paid on deposits rose to 3.70%, up from 3.61% from the previous quarter and 2.72% from the year-ago period. Its overall profits dropped 27% from a year earlier.
April 10, 2024 at 12:03 PM. JPMorgan Chase CEO Jamie Dimon warned that interest rates could rise to 8 percent or higher in a letter to shareholders Monday. “ [W]e are prepared for a very broad ...
JPMorgan Chase boosted expectations for a key revenue source in 2024 due partly to fewer rate cuts expected from the Federal Reserve.The nation’s largest bank now expects to make $91 billion in ...
JPMorgan Chase CEO Jamie Dimon said it remains possible the Federal Reserve could raise interest rates an additional 75 basis points due to "stickier" inflation, warning businesses should be ...
April 8, 2024 at 6:58 AM. JPMorgan Chase ( JPM) CEO Jamie Dimon said in a new shareholder letter Monday that he is worried about a number of risks to a resilient US economy that could "lead to ...
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