Bank profits soared in 2021, but inflation is front of mind
Companies, agencies, institutions, etc
Corporate America
Citigroup
JPMorgan
Wells Fargo’s
the Federal Reserve
JPMorgan’s
Barnum
CFO
The Federal Reserve
Bank of America
Goldman Sachs
Morgan Stanley
Morgan —
Bloomberg News
People
Mark Mason
Citigroup
Jeremy Barnum
Mike Santomassimo
Jamie Dimon
Groups
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Physical locations
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Locations
YORK
Events
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Summary
Wall Street could hear similar comments in the next few weeks as the rest of Corporate America releases results and shares its outlook for the upcoming year.“We spent a good deal of 2021 talking about inflation and I suspect we are going to spend even more time in 2022 talking about it,” said Mark Mason, the chief financial officer at Citigroup, in a Friday call with journalists.While JPMorgan reported a 14% decline in fourth quarter earnings, the bank still brought in nearly $50 billion in profits for the full year 2021, up significantly from a profit of $36.4 billion in 2019, before the pandemic hit.Citi brought in $21.95 billion last year.
As said here by KEN SWEET AP Business Writer