US bank giants ride rate rises, keep storm clouds at bay
First-quarter 2023 earnings from JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co beat Wall Street expectations on Friday as consumer and corporate spending held up in the face of rate rises, although all three saw signs of a slowdown and made provisions accordingly. “Goliath is Winning,” Wells Fargo analyst Mike Mayo said in a … Continue reading US bank giants ride rate rises, keep storm clouds at bay
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