Company Reports – Page 49

JPMorgan, Citigroup and Other Big Banks See Profits Drop

The New York Times – Business:

Lenders foresee economic “headwinds,” but household spending is mostly holding up, buffering profits from turmoil in financial markets.

The New York Times – Business:

The bank’s earnings took a $2 billion hit, bringing its profit down to $3.5 billion in the third quarter.

The New York Times – Business:

The carrier reported a healthy profit for the third quarter after a busy summer. Competitors also seem confident despite economic turbulence.

The New York Times – Business:

Quarterly results provided a sign that shoppers continued to spend despite high inflation squeezing their wallets.