Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom

🇺🇸 DealBook (NYT) (US) —

AI Summary

Major U.S. banks reported record second-quarter profits despite ongoing inflation and the conflict in Iran. However, analysts warn about looming significant risks that could impact the financial sector's stability.

The largest banks in the United States collectively raked in tens of billions of profits in the second quarter, despite the war in Iran and persistent inflation.

Conflict Politics Markets U.S. banks earnings record inflation Iran conflict financial risks profits

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