Mathew Freeman’s Post

Watch out for major financial institutions such as Citigroup, JPMorgan, and Wells Fargo as they start releasing their Q2 earnings reports. Keep an eye out for all the latest updates on this! 📈💼💰 #EarningsSeason #FinanceNews

Dimon suggests JPMorgan role may be reduced https://lnkd.in/eCFbtGB5

Dimon suggests JPMorgan role may be reduced https://lnkd.in/eCFbtGB5

Congress is grilling bank CEOs today. Thousands of witnesses are called before Congress every year. Don’t let Congressional investigations catch you off-guard! Check out these tips. Want to see what these hearings are like? Today's hearing is being broadcast live by the SENATE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS. The witnesses today are Charles W. Scharf, CEO and President of Wells Fargo; Brian Thomas Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co.; Jane Fraser, CEO of Citigroup USA Inc.; Ronald O’Hanley, CEO of State Street; Robin Vince, CEO of BNY Mellon; David Solomon, CEO of Goldman Sachs; and James P. Gorman, CEO of Morgan Stanley.  #CongressionalInvestigations #LegalGuidance

What's New to The Street... JPMorgan Chase's Q1 earnings climb 6%! 💼 However, the bank warns of challenges ahead as higher interest rates begin to impact business. 📉 Stay tuned for insights on navigating the road to growth in 2024. Follow New To The Street for more! #JPMorganChase #EarningsReport #businessnews #business #news #newtothestreet

The #megabanks are whining about very modest #capital requirements. But you shouldn't feel too bad- JPMorgan Chase & Co. Bank of America Citi & Wells Fargo for example, have paid out $584 billion in dividends and buybacks to shareholders since 2013. If banks choose to pass the cost to borrowers when it comes to capital, it is because they are prioritizing maximizing executive bonuses & shareholder payouts. #SuperBowlLVIII

What's New to The Street... JPMorgan Chase's Q1 earnings climb 6%! 💼 However, the bank warns of challenges ahead as higher interest rates begin to impact business. 📉 Stay tuned for insights on navigating the road to growth in 2024. Follow New To The Street for more! #JPMorganChase #EarningsReport #businessnews #business #news #newtothestreet

-JPMorgan Chase CEO Jamie Dimon adjusts bank's succession plans and expresses cautious economic outlook during investor gathering. -Dimon, previously indicating a five-year timeline for succession, now adopts a more conservative approach. -Dimon's 18-year tenure at JPMorgan and recent remarks highlight evolving concerns and strategic shifts within the banking industry. To know more, read the full article on #theenterprise #JPMorgan #JamieDimon #EconomicOutlook #SuccessionPlanning #ShareDrop #globalbusiness #theenterprisenews #followformore #global #finance

The 2008 financial crisis hit banks differently: ➡️ Bear Stearns, Lehman Brothers, Merryll Lynch, Washington Mutual, Wachovia, Countrywide, Fannie Mae, Freddie Mac, AIG, monoline insurers, etc… failed ➡️ Barclays and Citibank failed too, their shareholders were wiped out, massively diluted by the new aportions of capital that eventually saved the banks. Look at the massive stock price drops of Citibank and Barclays: $591 to $9.7 and 733 GBP to 1.54 GBP. ➡️ Bank of America and Morgan Stanley almost failed, but they recovered strongly. ➡️ Goldman Sachs and JP Morgan were hit only moderately and recovered strongly afterwards.