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Wells Fargo Q2 wealth profits fall | Financial Planning

Wells Fargo Q2 wealth profits fall | Financial Planning
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JPMorgan, Wells Fargo expect deposits to extend Q2 declines

Deposits at U.S. banking giants including JPMorgan and Wells Fargo are expected to extend their second-quarter decline as consumers keep spending and moving their money in search of higher yields. The lender's average deposits fell 7% to $1.3 trillion at the end of June, "reflecting consumer deposit outflows on consumer spending, as well as customer migration to higher yielding alternatives," it reported in second-quarter results. At JPMorgan, the nation's largest bank, average deposits fell 6% in the second quarter to $2.4 trillion from a year earlier.

Mike santomassimoLananh nguyenNupur anandSaeed azharMark potterTatiana bautzerJamie dimonJeremy barnumDan burnsFederal reserveWells fargoFirst republic bankKenneth leon

JPMorgan, Wells Fargo expect deposits to extend Q2 declines

By Saeed Azhar and Nupur Anand NEW YORK (Reuters) - Deposits at U.S. banking giants including JPMorgan and Wells Fargo are expected to extend their se.

Mark potterJeremy barnumMike santomassimoSaeed azharNupur anandLananh nguyenDan burnsJamie dimonTatiana bautzerWells fargoFederal reserveFirst republic bankKenneth leon

JPMorgan, Wells Fargo expect deposits to extend Q2 declines

By Saeed Azhar and Nupur Anand NEW YORK (Reuters) - Deposits at U.S. banking giants including JPMorgan and Wells Fargo are expected to extend their se.

Mark potterLananh nguyenNupur anandJamie dimonJeremy barnumTatiana bautzerDan burnsSaeed azharMike santomassimoFirst republic bankWells fargoFederal reserveKenneth leon

JPMorgan, Wells Fargo expect deposits to extend Q2 declines

By Saeed Azhar and Nupur Anand NEW YORK (Reuters) - Deposits at U.S. banking giants including JPMorgan and Wells Fargo are expected to extend their se.

Lananh nguyenSaeed azharJeremy barnumTatiana bautzerMike santomassimoJamie dimonDan burnsNupur anandMark potterFirst republic bankFederal reserveWells fargoKenneth leon