Oppenheimer analyst Chris Kotowski on Monday reiterated an outperform rating on JPMorgan Chase & Co. and increased his price target on the stock to $233 from $215 after the bank's stronger-than-expect
Consumers with weaker credit histories are facing pressure. And though headwinds remain, the nation's banking public remains robust at U.S. banks.

US Banks Brace for Tough Times Ahead

10:26pm, Sunday, 15'th Oct 2023
US bank earnings are in focus this week, bracing for results from Goldman Sachs Group, and Morgan Stanley after seeing solid earnings from JPMorgan Chase & Co. and Wells Fargo & Co. Su Keenan reports
Wall Street spent much of this year getting more tepid on third-quarter corporate profits, with expectations for subdued growth giving way to expectations for a slight decline.
Despite banks continuing to see benefits of high rates, worries about deposit costs and consumer credit still lurk.
The market liked what it saw in the quarterly releases from JPMorgan JPM, Citigroup C, and even Wells Fargo WFC. There was plenty to like in these results, with the resilient economy helping keep cred
A new earnings season has kicked off with a bang against the backdrop of a recovering economy and shifting financial landscapes. Major US banks JPMorgan Chase & Co (NYSE:JPM), Wells Fargo & Company (N
Consumer spending is still growing but slowing, especially among those with lower FICO scores, Citi reported Friday (Oct. 13). “The growth in spending is decelerating and the consumer is more mindfu
Citigroup Inc. (NYSE:C ) Q3 2023 Earnings Conference Call October 13, 2023 11:00 AM ET Company Participants Jen Landis - Head, IR Jane Fraser - CEO Mark Mason - CFO Conference Call Participants Mike M

Why Are Bank Stocks JPM, WFC, C Up Today?

02:37pm, Friday, 13'th Oct 2023
A range of the most prominent U.S. bank stocks surged between 2% and 5% in today's afternoon session. JPMorgan Chase (NYSE: JPM ), Wells Fargo (NYSE: WFC ) and Citigroup (NYSE: C ) each saw impr
Banks JPMorgan (JPM), Citigroup (C), and Wells Fargo (WFC) posted their third-quarter earnings this morning. All three beat earnings estimates, navigating economic headwinds and benefitting from highe
Big bank executives warned a number of products and services could become uneconomical if new proposed bank capital hikes are adopted as written, but said they were hopeful they could win some changes
Citigroup chief Jane Fraser has unveiled a plan to eliminate five layers of management in what is poised to become the bank's largest restructuring in two decades, according to a presentation unveiled

Big Banks Beat in Q3, Import Prices Lower

12:01pm, Friday, 13'th Oct 2023
JPMorgan, Citi and Wells Fargo all beat estimates on both top and bottom lines. So far so good for the Big Banks in Q3.
Citigroup's (C) Q3 results are supported by the Personal Banking and Wealth Management segment's robust revenues. However, a higher cost of credit acts as a spoilsport.
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