Top Banks Sound Alarm on Economic Turbulence in 1Q Reports -- Market Talk

Dow Jones04-11

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment