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JPMorgan Chase CEO Jamie Dimon warned yesterday that trade wars could have lasting negative consequences, including inflation and recession

US bank earnings may be overshadowed by recession fears

As US lenders begin to report earnings this week, investors' focus will likely shift from profits to bank bosses' remarks on the economy after President Donald Trump unveiled steep tariffs and triggered a market selloff.

Business • 08 Apr

PMorgan Chase & Co, the largest bank in the US, is due to report results next Wednesday

US bank earnings to decline in first quarter

Big US 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.

Business • 08 Apr 22

Weak trading activity overshadowed a bumper year for mergers and acquisitions for Wall Street's premier investment bank

Goldman Sachs profit misses estimates on weak trading

Goldman Sachs Group's profit fell nearly 13% and missed expectations today as a less volatile equity market hurt trading business and dampened a bumper year for deals.

Business • 18 Jan 22

Morgan Stanley has today posted a 45% rise in its second quarter profits

Morgan Stanley's profit jumps 45% on trading boom

Morgan Stanley has posted a better-than-expected surge in quarterly profit, driven by strong trading gains as the coronavirus pandemic drove record swings in global financial markets.

Business • 16 Jul 20

Bank of America has set aside $4 billion for potential loan losses tied to the coronavirus pandemic

Bank of America profit more than halves on Covid woes

Bank of America has today reported a drop of more than 50% in second-quarter profit, even as it set aside only about half as much in reserves as some of its peers against a potential wave of defaults due to the coronavirus crisis.

Business • 16 Jul 20

Goldman Sachs said its earnings per share in the second quarter rose to $6.26 from $5.81 a year earlier

Goldman Sachs profit rises on trading boost

Goldman Sachs Group's trading revenue doubled in the second quarter, driven by big swings in stock and bond markets since March, helping the bank beat estimates for quarterly profit by a wide margin.

Business • 15 Jul 20

Wells Fargo has been struggling to recover from a series of misselling scandals

Wells Fargo swings to loss on higher loan provisions

Wells Fargo & Co swung to a loss in the second quarter after setting aside $9.5 billion to cover potential loan losses due to the coronavirus pandemic, the bank said today.

Business • 14 Jul 20

The Covid-19 outbreak has forced the largest US bank to build reserves against a wave of potential defaults

JPMorgan profit sinks as loan loss provisions surge

JPMorgan Chase & Co has today beaten Wall Street estimates for profit in the second quarter as trading revenue surged.