The largest U.S. Bank JPMorgan has had to make in the second quarter, strong smears due to the Corona pandemic. Nevertheless, the US leader in the industry with a stick and still make a profit, which most other companies can only dream of. The bottom line is that JPMorgan earned according to the notification dated Tuesday, nearly 4.7 billion dollars (4.1 billion euros), about half as much as in the corresponding prior-year period. Experts had expected much less, the share price rose shortly after the start of trading. JPMorgan Chase & co. 86,52 EUR -0,90 (-1,03%) Tradegate
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much worse was the fate of the rival Wells Fargo lost the bottom line, according to a statement from Tuesday's 2.4 billion dollars (2.1 billion euros). High provisions for loan losses, the balance sheet, expressed as solid a Minus. For comparison: In the corresponding prior-year period, Wells Fargo had earned 6.2 billion dollars. The income fell by a total of about 17 percent to 17.8 billion dollars.Wells Fargo is already for Affairs to fictitious accounts
pre-loaded, In contrast to the US competitors, the weaknesses in the lending business with their investment banking and trading divisions, offset, hold back, Wells Fargo has traditionally had.
Billions a buffer against credit defaults in the Corona-crisis, the Citigroup again heavily loaded. Nevertheless, the Bank managed in the second quarter, again a billion profit. The Surplus fell compared to the previous year by 73 percent to 1.3 billion dollars (1.1 billion euros), as Citigroup announced in New York. Citigroup 44,84 EUR -0,59 (-1,30%) Tradegate
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