0730 ET - Big banks kick off earnings season with 1Q reports that warn of economic turbulence ahead. JPMorgan Chase CEO Jamie Dimon says potential tailwinds from tax reform and deregulation from the Trump administration are weighing against potential headwinds from tariffs, a global trade war, ongoing inflation, high fiscal deficits and high volatility in the markets. Bank of New York Mellon CEO Robin Vince says the bank is preparing for a wide range of macroeconomic and market scenarios as the operating environment becomes more uncertain. CEO Larry Fink of BlackRock, the world's largest asset manager, says uncertainty and anxiety around the economy are dominating client conversations. (dean.seal@wsj.com)
(END) Dow Jones Newswires
April 11, 2025 07:30 ET (11:30 GMT)
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