Posted inBanking and Financial Institutions Citigroup Inc Company Reports Citigroup Quarterly Profit Falls 25% The bank reported a 25 percent decline in profit in the third quarter, versus last year, in part because of “very challenging markets.” Posted by By Stephen Gandel
Posted inBanking and Financial Institutions Company Reports JPMorgan Chase & Company JPMorgan’s Profit Shrinks, but Chief Says U.S. Customers Are ‘Healthy’ The bank earned $9.7 billion in the third quarter, down from last year. It also added to reserves against loan losses and took a hit on some investments. Posted by By Emily Flitter
Posted inBanking and Financial Institutions Citigroup Inc Company Reports Consumer Behavior Credit and Debt Dimon, James Fraser, Jane (1967- ) Gorman, James P JPMorgan Chase & Company Morgan Stanley Scharf, Charles W United States Economy Wells Fargo & Company JPMorgan, Citigroup and Other Big Banks See Profits Drop Lenders foresee economic “headwinds,” but household spending is mostly holding up, buffering profits from turmoil in financial markets. Posted by By Stacy Cowley Emily Flitter and Stephen Gandel
Posted inBanking and Financial Institutions Company Reports Wells Fargo & Company Wells Fargo’s Scandals Drag on Profit as It Braces for a ‘Slowing Economy’ The bank’s earnings took a $2 billion hit, bringing its profit down to $3.5 billion in the third quarter. Posted by By Stacy Cowley