- Eli Lilly and Company and Wells Fargo are major players whose market performance is influenced by FED rate decisions and the banking sector's net interest margin.
- Fed rate hike increases deposit costs.
Major financial institutions are warning of increased deposit costs and charge-offs following the recent FED rate hike.
5 reports, 3 independent
Updated Oct 13
Gone quiet
- Reports
- 5
- Developments
- 2
- Repetition
- 60%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Major financial institutions are warning of increased deposit costs and charge-offs following the recent FED rate hike.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Dimon warned of financial pain from rate hikes; GS beat estimates while JPM missed.1 source
Rate hikes are causing financial stress, leading to higher deposit costs and charge-offs at major banks.1 source
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The entities involved
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JPMorgan Chase
American multinational banking and financial services holding company
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Goldman Sachs
American investment bank
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Wells Fargo
American multinational banking and financial services company
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