January 14, 2022
Pandemic Profits Begin to Ebb at America’s Biggest Banks / The Wall Street Journal
The tumultuous pandemic economy sent big-bank profits to great heights. Now, some of the forces that pushed bank profits to new records are starting to weaken. JPMorgan said the shifting environment and higher costs would mean it wouldn’t hit its longer-term profitability targets in 2022 and maybe 2023.
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