
Bank earnings signal dark clouds on the horizon
CNN
Wall Street's biggest players have had a rough start to the year.
All of the biggest US banks saw profits take a hit in the first three months of 2022, ending a pandemic-era boom.
Citi, Goldman Sachs, Morgan Stanley and Wells Fargo all announced large year-over-year profit declines in their first-quarter earnings reports Thursday, joining JPMorgan Chase, which announced on Wednesday that its first-quarter profit fell 42%.
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