CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

The Daily Hodl 2025-05-10 16:48:38

JPMorgan Chase, Bank of America, Wells Fargo and Citigroup Set Aside $34,866,300,000 for Credit Losses Amid Rising Macro Uncertainty: S&P Global

JPMorgan Chase, Bank of America, Wells Fargo and Citigroup are collectively setting aside tens of billions of dollars to cover potential credit losses as economic uncertainty grows. The four largest banks in the US by total assets are collectively allocating $34.87 billion in credit loss provisions for the 2025 financial year, according to new numbers from S&P Global. In the first quarter, JPMorgan Chase set aside a higher-than-estimated provision for credit losses amid the rise in global macroeconomic uncertainty. The bank allocated $3.31 billion for Q1, which is $556 million above the consensus estimate. For the fiscal year, JPMorgan leads all banks with the highest provisions for credit losses at $12.87 billion. Citigroup comes second in the estimated provisions for credit losses reaching $10.69 billion for the 2025 financial year. Bank of America is expected to set aside $6.37 billion in provisions for credit losses for the year. And S&P Global estimates Wells Fargo will set aside $4.93 billion for 2025. Aside from JPMorgan Chase, many banks have set aside lower-than-expected credit provisions despite the uncertainty. Although the lenders are displaying confidence in their customers’ ability to pay their bills, Piper Sandler analyst R. Scott Siefers says lenders are not offering much clarity on where things are headed, noting it’s not clear that banks’ softened revenue forecasts are “enough to address what may be coming.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. The post JPMorgan Chase, Bank of America, Wells Fargo and Citigroup Set Aside $34,866,300,000 for Credit Losses Amid Rising Macro Uncertainty: S&P Global appeared first on The Daily Hodl .

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez