119 days ago • Posted by William Ramstein

Banks post lower YoY Q4 profits

JP Morgan, Wells Fargo and Citigroup report Q4 earnings; they show a strong end to 2020 where they were able to buy back more than $10 billion of their shares in Q1. The banks however, are expected to post fourth-quarter net income about 10 % below same time last year. Source: FT

BANK PROFITS DOWN
bg_nwsletter