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Big Bank Earnings are out, while Mainstream Media (Fake News) Provides Damage Control

on October 14, 2022
in Economy
Big Banks

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Big Bank Earnings are out and the media is trying to put a pretty ribbon on the horrid results!

  • In Sum YTD these banks are down:
  • Wells Fargo – 15.5%
  • Morgan Stanley – 22%
  • CitiGroup – 32.4%
  • PNC – 27.1%
  • The winner of the Biggest Drop in this report (https://www.investors.com/news/bank-earnings-jpmorgan-wells-fargo-morgan-stanley-citi-pnc-set-to-report/) is: JPMorgan Chase – 34.6%

A couple of these Fall Street banks are getting CPR today! Oh these are desperate times for them!

Related

Big Banks CitiGroup Fake News JPMorgan Chase Morgan Stanley Wells Fargo
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