Steve Gelsi
Senior Reporter, Banking and Cannabis at MarketWatch
Staff news reporter focused on banking and cannabis at https://t.co/AFy0FUotys. Ex-private equity writer at The Deal and Buyouts magazine and other stuff.
Articles
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1 week ago |
morningstar.com | Steve Gelsi
By Steve Gelsi Bank's provision for credit losses increases to $3.3 billion from $1.9 billion amid uncertain macro outlook JPMorgan Chase & Co. Chief Executive Jamie Dimon said the world economy continues to face "considerable turbulence" as the bank added $1.4 billion to its provision for credit losses to maintain its "fortress" balance sheet.
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1 week ago |
morningstar.com | Steve Gelsi
By Steve Gelsi Bank adds $705 million to loan loss reserves reflecting uncertain macro outlook JPMorgan Chase & Co.'s Chief Executive Jamie Dimon said the world economy continues to face "considerable turbulence" as the bank added a more than a half-billion dollars to its reserves to maintain its "fortress" balance sheet.
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1 week ago |
marketwatch.com | Steve Gelsi
Earnings ResultsBank’s provision for credit losses increases to $3.3 billion from $1.9 billion on uncertain macro outlookLast Updated: April 11, 2025 at 7:57 a.m. ETFirst Published: April 11, 2025 at 6:54 a.m. ETJPMorgan Chase & Co. Chief Executive Jamie Dimon said the world economy continues to face ”considerable turbulence” as the bank added $1.4 billion to its provision for credit losses to maintain its “fortress” balance sheet.
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1 week ago |
morningstar.com | Steve Gelsi
By Steve Gelsi Bank's provision for credit losses increases to $3.3 billion from $1.9 billion on uncertain macro outlook JPMorgan Chase & Co. Chief Executive Jamie Dimon said the world economy continues to face "considerable turbulence" as the bank added $1.4 billion to its provision for credit losses to maintain its "fortress" balance sheet.
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1 week ago |
morningstar.com | Steve Gelsi
By Steve Gelsi Head of world's biggest asset manager says all current client conversations are dominated by worry about market swings BlackRock Inc.'s Chief Executive Larry Fink said Friday conversations with clients are now "dominated by uncertainty and anxiety about markets and the economy" in the wake of huge swings in stock prices around President Trump's tariffs.
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