Space cadet 3d pinball game update#

Moreover, the banks collectively charged off $6.6 billion in loans in the fourth quarter, double the amount from the previous year. Wells Fargo and Bank of America shares experienced declines, while JPMorgan's slipped slightly, and Citigroup saw a modest rise.Citigroup reported a $1.8 billion loss in the fourth quarter and announced plans to cut 20,000 jobs.However, despite the impressive earnings, the four banks faced challenges, with one-time charges affecting quarterly profits. economy remained resilient despite the Federal Reserve's aggressive rate increases, ongoing wars, and a regional banking crisis in the first half of the year. So, let's get right to it! What To Make Of Recent Earnings?Īs most readers will be aware, earnings season started last week, with the numbers of some of America's largest banks.Īccording to the Wall Street Journal, JPMorgan ( JPM), Bank of America ( BAC), Wells Fargo ( WFC), and Citigroup ( C) earned $104 billion in 2023, 11% more than in 2022.Īccording to the article, contrary to predictions, the U.S. It also helps that other banks continue to report stellar numbers, which is what I will cover first in this article.

Space cadet 3d pinball game update#

In this article, I'll update my thesis using the company's just-released quarterly numbers and comments, which show that despite headwinds, the bank is making progress. Since then, KEY shares have returned 33%, including the dividend, beating the already impressive 16% return of the S&P 500 by a wide margin.

On October 27, I wrote my most recent article covering one of the Midwest's largest regional banks, Ke圜orp ( NYSE: KEY), using the title 'Ke圜orp: 8% Yield And A Path To 20% Annual Returns.' It's time to talk about a very tricky topic in this economic environment: banks.