Big banks performed well in first quarter despite ‘gut-wrenching volatility’: analyst
JPMorgan Chase & Co. and Goldman Sachs Group Inc. earned the highest praise from KBW analyst David Konrad for their first-quarter profits, according to a research note.
“Despite the gut-wrenching volatility in bank stocks, the overall market has performed well, supporting growth in wealth and investment management revenues,” Konrad said in a report published Sunday. JPMorgan Chase JPM posted the best quarter among the class of largest U.S. banks, due to its stronger-than-expected profit, “strong” return on average tangible common equity and its net-interest-income momentum.
Bank of America Corp. BAC turned in the most challenging quarterly results while beating preprovision net-revenue projections, offset by higher expenses.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Doctor Who 60th Anniversary Trailer: David Tennant-Led Special Titles RevealA new trailer for Doctor Who's 60th Anniversary reveals the titles of the three-episode special led by David Tennant's Fourteenth Doctor.
Read more »
David Tennant Returns as Doctor Who in New TrailerDavid Tennant, the tenth Doctor Who, has returned to the franchise in a new trailer alongside Catherine Tate, who plays the Timelord’s longtime sidekick Donna Noble. Tennant and Tate have rep…
Read more »
David Tennant Reprises Role in New 'Doctor Who' TrailerDavid Tennant returns as 'Doctor Who' alongside Catherine Tate, who reprises her role as Donna Noble, in a new trailer
Read more »
David Tennant and Catherine Tate are both back in this new Doctor Who trailerPlus: An appearance by a very sinister looking Neil Patrick Harris, and the titles for the show's 60th anniversary specials
Read more »