Major US Banks to Report Biggest Jump in Loan Losses Since COVID Pandemic

Major US Banks to Report Biggest Jump in Loan Losses Since COVID Pandemic
A street sign in front of the New York Stock Exchange in New York on June 14, 2022. Seth Wenig/AP Photo
Bryan Jung
Updated:
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The major U.S. banks are set to report the biggest jump in loan losses since the COVID-19 pandemic, as rising interest rates put mounting pressure on borrowers across the country.

America’s top lenders are expected to release their second quarterly earnings reports this week, with JPMorgan, Wells Fargo, Citigroup, and BlackRock releasing theirs on July 14.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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