Mixed Bag Of US Bank Earnings

Kingsley Jones, Chief Investment Officer, Jevons Global

15-Jan-24 07:00

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Fourth quarter US banking results were a mixed bag with names like Citigroup making losses but J.P Morgan beating expectations. Kingsley Jones, Chief Investment Officer, Jevons Global helps us unpack the reasons for this and if we will likely see continued weakness in 2024. He also weighs in on the consequence of higher shipping rates due to the widening conflict in the Middle East.

Image credit: Shutterstock.com

Produced by: Mike Gong

Presented by: Wong Shou Ning, Shazana Mokhtar

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Categories: markets, economy

Tags: us bank earnings results, shipping costs, citigroup, jp morgan, bank of america, wells fargo, red sea, economy,

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