Dallas Federal Reserve President Robert Kaplan said that economic growth in the United States will accelerate next year as the country recovers from the coronavirus crisis. “In ’21, we will see above-trend growth, and we will continue to reduce the unemployment rate,” Kaplan said on CNBC’s “Closing Bell” on Tuesday. …
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Jamie Dimon, CEO of JPMorgan Chase & Co. Marlene Awaad | Bloomberg | fake pictures JPMorgan Chase managed to shake off the most quarterly revenue in its history at the same time that the US economy is in the midst of a sharp recession. The bank posted $ 33.8 billion …
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Charles Scharf Michael Nagle | Bloomberg | fake pictures Wells Fargo released its first quarterly loss since the financial crisis on Tuesday, as the bank set aside $ 8.4 billion in reserves for credit losses linked to the coronavirus pandemic. The bank had a net loss of $ 2.4 billion …
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Pedestrians pass by a Citibank branch in Washington, DC Andrew Harrer | Bloomberg | fake pictures Citigroup reported second-quarter results on Tuesday that beat analysts’ expectations thanks in part to a massive surge in business revenue that helped offset a slowdown in the company’s consumer banking business. This is how …
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Jamie Dimon, CEO of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | fake pictures JPMorgan Chase reported second quarter earnings. Here’s how JPMorgan did it: Earnings: $ 1.38 per share, compared to the estimate of $ 1.04 per share by analysts surveyed by Refinitiv. Revenue: $ 33 billion, compared …
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