A healthy U.S. economy pushed up profits at America’s biggest banks, allowing them to grow even though falling interest rates made lending less profitable.
Consumer borrowing and a rebound in investment-banking revenues propelled JPMorgan Chase & Co. and Citigroup Inc. to double-digit earnings growth in the final three months of 2019. JPMorgan, the biggest U.S. bank by assets, reported its most profitable year on record.
This thing seems very familiar to the housing market crash. It's coming folks, be prepared.
The economy is shrinking.
You really disgraced yourself on the headline of a strong economy Want to debate that, I am here You are as bad as Trump is
When will banks start paying a decent rate on savings again?
Uh, don't they still owe us for the bailout? Or are we just gonna collectively pretend that never happened? So much for 'free-market capitalism.' Guess all the WSJ's whinging about socialism doesn't count when it's the ultra-rich getting the handouts.
'Strong economy' Midwest farmers going broke at record rates thanks to Trump's trade war
Strong economy or is it from money printing and high debt levels?- let's be realistic
Whoopdydoo- the rich het richer and the poor get poorer. F*ck the middle class while we're at it. So... what's new?
And the vast majority of those profits went to buying the 1% vacation homes in the Bahamas.
Nooo... thanks to FICC trading which is due to FED liquidity daily bombs in the last quarter
Deficit and debt.
And the rest of society?
See. Numbers dont lie