Bank Earnings: Historical Results/2023 Q4: Difference between revisions

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See also: [[Banking Industry]]
See also: [[Banking Industry]]
== Summary of the results ==
{| class="wikitable"
{| class="wikitable"
!Company
!Company
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|$39.9 billion
|$39.9 billion
|$35.6 billion
|$35.6 billion
| -3%
| -3%
|12.1%
|12.1%
|$39.78 billion  
|$39.78 billion
|$9.3 billion
|$9.3 billion
| -15%
| -15%
|$3.04
|$3.04
|$3.32  
|$3.32
|$2.2 billion
|$2.2 billion
|$0.9 billion
|$0.9 billion
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|-
|-
|Wells Fargo <ref>https://www08.wellsfargomedia.com/assets/pdf/about/investor-relations/earnings/fourth-quarter-2023-financial-results.pdf
|Wells Fargo <ref>https://www08.wellsfargomedia.com/assets/pdf/about/investor-relations/earnings/fourth-quarter-2023-financial-results.pdf
</ref><ref>https://twitter.com/TheGodMarket/status/1745777324258205881</ref>
</ref><ref>https://twitter.com/TheGodMarket/status/1745777324258205881</ref>
|$20.48 billion
|$20.48 billion
|$20.0 billion
|$20.0 billion
| -1.8%
| -1.8%
|2.2%
|2.2%
|$20.30 billion  
|$20.30 billion
|$3.5 billion
|$3.5 billion
|9.4%
|9.4%
|$1.29
|$1.29
|$1.17  
|$1.17
|$1.3 billion
|$1.3 billion
|$560 million
|$560 million
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|$1.38 trillion
|$1.38 trillion
|0%
|0%
| -2.9%
| -2.9%
|$938 billion
|$938 billion
|$949 billion
|$949 billion
| -0.5%
| -0.5%
| -1.2%
| -1.2%
|2.92%
|2.92%
|3.14%
|3.14%
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|
|
|-
|-
|Citi Group
|Citi Group<ref>https://www.cnbc.com/2024/01/12/citigroup-c-earnings-4q-2023.html</ref><ref>https://www.citigroup.com/rcs/citigpa/storage/public/2023fsqtr4fn.pdf</ref>
|
|$17.44 billion
|
|$18.00 billion
|
| -13%
|
| -3%
|
|$18.74 billion
|
| -1.84 billion
|
| -173%
|
|$0.84
|
|$0.81
|
|$2.0 billion
|
|$1.18 billion
|
|$1.64 billion
|
|22%
|
|69%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|$3.55 billion
|$1.84 billion
|93%
|92%
|
|
|$1.31 trillion
|$1.37 trillion
|3%
| -4%
|$689 billion
|$657 billion
|3%
|5%
|2.46%
|2.39%
|2.49%
|
|
|
|
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|$22.1 billion
|$22.1 billion
|$24.5 billion
|$24.5 billion
| -6.4%
| -6.4%
| -10%
| -10%
|$23.74 billion
|$23.74 billion
|$3.1 billion
|$3.1 billion
| -56.3%
| -56.3%
|$0.70
|$0.70
|$0.68
|$0.68
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|$1.1 billion
|$1.1 billion
|$1.23 billion
|$1.23 billion
| -10.5%
| -10.5%
|1.1%
|1.1%
|"Below estimate"
|"Below estimate"
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|$1.93 trillion
|$1.93 trillion
|2.1%
|2.1%
| -0.3%
| -0.3%
|$1.05 4trillion
|$1.05 trillion
|$1.046 trillion
|$1.046 trillion
|0.5%
|0.5%
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|}
|}


== Management Remarks ==
== Management remarks ==
https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2023/4th-quarter/30e66a2f-5f41-4616-b831-fee985b61b8a.pdf
 
* "The U.S. economy continues to be resilient, with consumers still spending, and markets currently expect a soft landing, " JP Morgan CEO Jamie Dimon said in the press release<ref>https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2023/4th-quarter/30e66a2f-5f41-4616-b831-fee985b61b8a.pdf</ref>.
* “We are closely monitoring credit and while we see modest deterioration, it remains consistent with our expectations,” said Wells Fargo CEO Charlie Scharf<ref>https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/fourth-quarter-2023-earnings.pdf</ref>.


== References ==
== References ==