Here’s What Big Bank CEOs Said About the US Economy Today | Global News Avenue

Big bank earnings season is upon us, and just days before Donald Trump returns to the White House, the nation’s largest banks have reported results that beat expectations.

The latest round of data released this morning was led by JPMorgan Chase (JPMorgan Chase), Goldman Sachs (GS) and other financial institutions. In comments today, bank executives were generally bullish on the U.S. economy, touting optimistic outlook Growth in the number of mergers and acquisitions and expectations of looser regulations from the next administration.

But they also cited risks, including the prospect of stubborn or resurgent inflation, rising geopolitical tensions and widespread “uncertainty” on everything from immigration to trade policy.

Goldman Sachs, JPMorgan Chase and Wells Fargo executives comment

JPMorgan Chase & Co. CEO Jamie Dimon praised the incoming administration’s “pro-growth agenda,” saying the country had low unemployment, “healthy” year-end consumer spending and a positive overall business outlook.

However, he also pointed out Inflation risk and rising geopolitical tensions.

Goldman Sachs Chairman and CEO David Solomon discussed the “improving operating backdrop and growing CEO confidence” in a press release detailing the earnings. beat estimate,

However, Solomon noted in a transcript of the earnings call provided by AlphaSense that while the U.S. economy remains “constructive” and people are “excited about the prospect of a lower regulatory environment… there is currently uncertainty.”

“When you look broadly at immigration policy, trade policy, tax policy, energy policy, we’ll have more clarity on all of those policies, but we’ll have different outcomes,” Solomon said.

Wells Fargo Bank (world financial center) CEO Charlie Scharf expressed optimism about the economy and prospects for deregulation after the bank reported net interest income top Analyst estimates.

“The U.S. economy is performing very well and remains strong, with lower inflation and unemployment positioning the economy well into 2025,” he said on the company’s conference call.

Asked by analysts about the risks to that forecast, Scharf said, “Anything that poses a risk to the strength of the U.S. economy is a risk to the bank.”

More banks are expected to report results tomorrow, including Morgan Stanley (multiple sclerosis) and Bank of America (Buck).