JPMorgan Chase Sees Economic Turmoil Brewing, but Few Signs of Recession So Far


Second-quarter revenue at JPMorgan Chase & Co. fell 28% from a yr earlier even because the nation’s largest financial institution mentioned it’s seeing few indicators {that a} recession is imminent, underscoring the uncertainty looming over markets and the economic system.

The New York firm mentioned customers continued spending regardless of rising inflation, companies continued borrowing and mortgage losses remained virtually nonexistent. However executives mentioned there stays extra uncertainty than regular, dragging down massive company exercise similar to mergers and acquisitions and main the financial institution to put aside extra funds for potential future loan losses.


Please enter your comment!
Please enter your name here

Share post:




More like this

ChatGPT acquired 100 million active users faster than TikTok and Instagram

ChatGPT, the artificial intelligence-powered...

Manhunt For Dating App Torturer Ends With Discovery Of Multiple Dead Bodies

The excellent news is, this manhunt is over....

Understanding Brain’s Response to Chronic Stress!

Scientists on the Medical Faculty of Georgia at...

It Sure Does Sound Like Biden Steamrolled Kevin McCarthy In Their Meeting

Speaker Kevin McCarthy was speaking an enormous recreation...