Losses on loans remain modest despite rising delinquencies and even rising defaults. Higher interest rates have thus far made overall lending activity a more profitable venture.
Earning season is well underway with banks JPMorgan (JPM), Citigroup (C), and Wells Fargo (WFC) reporting solid results. Despite this, some bank executives are saying there is still cause for concern.
Big Bank earnings kicked off last Friday, continuing into this week with Goldman Sachs (GS) and Bank of America (BAC) earnings on tap for Tuesday, October 17. What could be this quarter's standout the
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
An increase in NII and lower expenses drive Wells Fargo's (WFC) Q3 earnings. However, worsening credit quality was a headwind.
Wells Fargo saw net charge-offs increase, loan demand decrease and average deposits decline during the third quarter.  At the same time, consumer spending remained strong, the bank said Friday (Oct.
Wells Fargo CFO Mike Santomassimo discusses the bank's third-quarter earnings and the regulatory environment with Scarlet Fu and Romaine Bostick on "Bloomberg Markets: The Close."

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
Wells Fargo & Co. (NYSE:WFC ) Q3 2023 Earnings Conference Call October 13, 2023 10:00 AM ET Company Participants John Campbell – Director, IR Charles Scharf - President, CEO & Director Michael Santo
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE