CNBC Daily Open: JPMorgan's big profit growth isn't likely to persist

Going into this earnings season, analysts feared big banks’ income wouldn’t hold up from the previous quarters. Those fears didn’t materialize — for…

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeMonday. Mainland China's Shanghai Composite fell around 0.4%, and the yuan weakened marginally, as the People's Bank of China left its short- and medium-term lending rates unchanged.surged 35% from a year ago to hit $13.

Given the high yields on U.S. Treasury and money market funds, analysts thought banks would be forced to shower depositors with higher interest rates, reducing net interest income. That didn't happen. On the contrary, net interest income rose from a year ago at

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

NBCLA /  🏆 319. in US

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.

CNBC Daily Open: JPMorgan's big profit growth isn’t likely to persistGoing into this earnings season, analysts feared big banks’ income wouldn’t hold up from the previous quarters. Those fears didn’t materialize — for now.
Read more »

CNBC Daily Open: Big banks' big profits aren't likely to lastGoing into this earnings season, analysts feared big banks’ income wouldn’t hold up from the previous quarters. Those fears didn’t materialize — for…
Read more »

CNBC Daily Open: Big banks’ big profits aren’t likely to lastGoing into this earnings season, analysts feared big banks’ income wouldn’t hold up from the previous quarters. Those fears didn’t materialize — for now.
Read more »

Rite Aid files for bankruptcy amid slowing sales, opioid litigationMelissa Repko is a retail and consumer reporters for CNBC.com.
Read more »

Monday’s Digital Daily: October 16, 2023Monday’s Digital Daily: October 16, 2023
Read more »

NFL DFS Week 6 player picks: Gardner Minshew, Michael Pittman Jr.Our four favorite Daily Fantasy Week 6 picks.
Read more »