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US banks achieve virtuous tech investment: new Celent report
Summary by Retail Banker International
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US banks achieve virtuous tech investment: new Celent report
The large US retail banks have all now reported their second quarter earnings. The results were generally positive. Citi, for example, beat second quarter analyst forecasts with revenues ahead by 8% y-o-y and net income up by 25% y-o-y. This resulted in the Citi share price hitting heights not enjoyed since the 2008 financial crisis. Meantime, JPMorgan Chase also beat forecasts and raised its net interest income forecast for the full fiscal afte…
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