HOLY Sh*t: Bank Earnings are Out Showing MASSIVE Loan Losses
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Show Notes
We are in the thick of bank earnings and quarterly reports. The one theme they keep coming back to is...losses. It's become such a problem even JPM CEO Jamie Dimon snapped during his last earnings call. The thing is, in spouting off he told the truth about all of it.
Eurodollar University's Money & Macro Analysis
Bloomberg Jamie Dimon Is Right. Forget the ‘Damn Number.’
https://www.bloomberg.com/opinion/articles/2024-10-14/jamie-dimon-is-right-analysts-need-to-look-beyond-their-models
Bank of America Quarterly Earnings
https://investor.bankofamerica.com/quarterly-earnings
JPM Third Quarter 2024 Results
https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2024/3rd-quarter/66269bb6-ecc5-4172-b461-6b7e7cd47aab.pdf
Citigroup Third Quarter 2024 Results
https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q32024/2024pr-qtr3rslt.pdf
Bloomberg Consumers Shift Spending to Pay for Basic Staples, Citi CFO Says
https://www.bloomberg.com/news/articles/2024-09-09/consumers-shift-spending-to-pay-for-basic-staples-citi-cfo-says
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