US Banking Majors’ Outlook Revised Up by S&P

US Banking Majors’ Outlook Revised Up by S&P

S&P has revised the outlook on various US banking majors including JPMorgan, BofA and Morgan Stanley on the back of improving bank regulatory track record, good financial performance prior to and during the pandemic and better funding. JPMorgan was revised to...
Citi & Bank of America Report Strong Numbers

Citi & Bank of America Report Strong Numbers

Citigroup reported Q1 net income of $7.9bn, up 216% and revenues of $19.3bn, down 6.8% vs. Q1 2020. Similar to peers, earnings were aided as it released $3.9bn in loan-loss reserves in the quarter. Unlike its peers, Markets and Securities Services revenues of $6.7bn...
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