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Large American banks pass Fed's annual stress tests
Updated : 11 months, 2 weeks ago IST
The Federal Reserve's annual bank stress test showed that large American banks are well-positioned to weather a severe recession, while staying above minimum capital requirements and continuing to lend to households and businesses.
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Big US banks beat earnings expectations on higher interest rates
Updated : 3 years, 1 month ago IST
JPMorgan Chase, the country's largest bank, reported a USD 12.6 billion net profit for the first quarter of 2023, up 52 per cent from a year earlier. Earnings per share jumped 56 per cent to USD 4.10.
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Fed rate cut negative for bank profitability, can prompt further consolida
Updated : 6 years, 10 months ago IST
New York [USA], Aug 1 (ANI): The cut in US Fed funds rate is credit negative for American banks, applying renewed pressure on net interest margins (NIMs) and profitability that could stimulate further consolidation of the sector, Moody's Analytics said on Thursday.
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