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Although they continue to report strong earnings, big banks warn of trouble ahead

  • 👤 Joseph Gonzalez
  • 👁 774
  • ⏰ Published: 2023-12-09 Time: 22:34:02
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    Updated Oct. 13, 2023 4:32 pm ET

    When JPMorgan Chase bought First Republic Bank in May, all eyes were on its CEO, Jamie Dimon. Here’s how the executive’s strategy for managing risk propelled him to the top of the banking world. Photo illustration: John McColgan

    Robust economic growth propelled earnings at the nation’s largest banks, but their executives warned the good times may be coming to an end.

    JPMorgan Chase, Wells Fargo and Citigroup together reported more than $22 billion in profits in the third quarter, up by more than a third from the year-earlier period. Combined revenue of $81 billion rose 14%.

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