Jamie Dimon

Recession Fears Increase, despite Major Banks Beating Earnings Forecasts

Recession Fears Increase, despite Major Banks Beating Earnings Forecasts

Recession fears are beginning to mount in the United States, despite most major American banks beating their earnings forecasts. JPMorgan Chase, Bank of America, Citigroup, and asset management giant BlackRock all reported positive forecasts on Friday. However, the positive news still left many investors disappointed. As higher interest rates boosted…
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