| Mobile Web

Search results for JPMorgan Chase

Finance

Wall Street banks extend strong results run despite U.S. inflation up 3.7 percent

U.S. inflation is accelerating again, but major banks’ third-quarter results did not show clear signs of weakening consumption or deteriorating credit quality. Consumer spending and loan demand remained relatively resilient despite rising household burdens from higher prices. Citigroup, Wells Fargo and JPMorgan Chase posted solid consumer finance trends. Citigroup’s wealth client balances rose, while Wells Fargo benefited from credit card and auto lending. JPMorgan reported higher profit and steady net charge-offs, while provisions fell year on year.

Crypto

Strategy CEO forecasts record bitcoin spread within a year, says banks will rush in

Bank adoption of bitcoin-related services is expected to rise by a record amount over the next 12 months, a forecast said. Strategy CEO Phong Le cited inflation, regulatory clarity, customer demand, technology modernisation, agent-based AI, fear of falling behind and survival pressure. He said banks are moving from discussing crypto’s value to adopting services. Strategy’s index put adoption among major institutions at 34 percent in 2026’s third quarter.

Finance

U.S. banks near third-quarter earnings as higher rates raise warning sign on deposit costs

Major U.S. banks are about to report third-quarter results, with the cost of keeping and attracting deposits emerging as a key factor for profitability. A September Federal Reserve rate increase is expected to lift loan interest income, but it could also force banks to pay more to retain depositors. Investors are watching net interest income and net interest margin, while loan growth is seen as supportive. Share buybacks and AI spending are also in focus.