largest banks, inflation may be too much of a good thing.Inflation in moderation is typically a good thing for banks as it often triggers higher interest rates, leading to better revenue and earnings.of 7%, JPMorgan warned it may get singed.
“Elevated inflationary pressures on expenses could more than offset the rates benefit,” JPMorgan CFO Jeremy Barnum said on a conference call.Citigroup, JPMorgan and Wells Fargo said outstanding loans increased from the previous quarter.
Too bad that's the reason, 'won't be able to outrun inflation.' Pitchforks would be better. Not to mention more exciting.
With Market Caps in the billions? This story is rife with misinformation
Capitalism is so stupid
At least the BBB bill is gone. Maybe we can steer out of the Biden inflation.
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