US Markets
Home›US Markets›Equities›Big US banks set record earnings in the second quarter
Big US banks set record earnings in the second quarter
The largest US banks collectively earned tens of billions of dollars in Q2, even as geopolitical tensions and inflation weighed on the outlook.
NYT Business reports that the biggest banks in the United States posted record earnings in the second quarter, collectively generating tens of billions of dollars in profits.
The outlet links the strong results to continued banking performance despite an environment that includes the war in Iran and persistent inflation.
NYT Business characterizes the backdrop as having “tectonic” risks, signaling uncertainty that could affect the banks’ longer term outlook even after the earnings beats.
← Newer storyBrent rises as Strait of Hormuz closure boosts Middle East supply fea…Older story →Bank of America shares drop after revenue jump in earnings