Banks are offering the promotional rates to attract deposits. Given concerns about the economy, it’s unclear how long banks will continue to reward savers.
Tag: Wells Fargo & Company
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Biggest U.S. Banks Report Bumper Profits Amid Industry Turmoil
JPMorgan Chase, Wells Fargo, Citigroup and PNC Financial comfortably beat expectations for earnings in the first quarter, when the failures of smaller banks sent jitters throughout the sector.
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What Bank Earnings Reveal About the Health of the Economy
JPMorgan Chase and Wells Fargo reported solid earnings on Friday, but big questions remain about the sector’s health and a potential recession.