Data Snack: Banks’ Q2 earnings reports reveal losses in corporate lending
- Six of the top US banks have so far revealed corporate lending losses in their recent earnings reports, amounting to $1.32 billion altogether.
- The numbers paint a foreboding picture of what’s happening in the market right now.
Six of the big US banks recently published their Q2 earnings reports, exposing some surprising numbers regarding corporate lending.
Bank of America, Morgan Stanley, JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo all reported losses in the corporate lending space – with Bank of America reporting the biggest loss at $320 million.
Altogether, these banks’ corporate loan losses totaled $1.32 billion.
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