Wells Fargo Q4 profit tops Wall Street forecasts

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Source: Dukascopy Bank SA
On Friday, Wells Fargo reported its quarterly profit topped Wall Street's outlook, as credit costs fell and offset the hurt from low-interest rates that were meant to uphold the devastating economy amid the coronavirus pandemic.
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Fri, 15 Jan 2021 16:42:42 GMT

JPMorgan profit soars 42% in Q4

JPMorgan Chase posted a better-than-expected 42% surge in its Q4 profit on Friday, boosted by the reserves release the lender had built up for the coronavirus-related loan losses.

Fri, 15 Jan 2021 15:35:32 GMT

Citigroup Q4 profit tops estimates

On Friday, Citigroup posted a 7% drop in its Q4 profit; however beating Wall Street expectations, as a rebounding economic outlook allowed the bank to release the cash previously deemed for bad loans.

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