JimmyHua
04-11

Q1 earnings from major U.S. banks could be our clearest signal yet on a looming recession. If credit losses rise and loan growth slows, that’s a warning sign. Watch JPMorgan, Bank of America, and Citigroup—how cautious are they in their guidance? Their tone on consumer spending and commercial activity will tell us more than any Fed speech. If they’re building reserves, it means trouble ahead. Bank balance sheets don’t lie.

25 Q1 Earnings Season: Big Banks Beat! A Sign of Earnings Resilience?
JPMorgan Chase, Wells Fargo, Morgan Stanley, and BlackRock all reported earnings before the market opened, with EPS from all four beating expectations. Wells Fargo’s CEO noted that the bank expects the economy to "slow down" in 2025 and is prepared for "continued volatility and uncertainty." Goldman Sachs: Q1 Net Revenue Up 6% Year-over-Year, Approves $40 Billion Share Repurchase Program ------------- Do you think these earnings reports could provide guidance for other banks?
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