US banks have reported record revenue from stock trading, but executives are sounding the alarm on potential economic slowdowns due to rising tariffs. Companies warn that tariff uncertainty could curb consumer and corporate spending.
In a recent newsletter, Reuters reports that US bank profits have surged in recent months, with JPMorgan Chase, Wells Fargo, and regional banks generating significant revenue from stock trading. However, executives are expressing concern over the impact of tariffs on economic growth.
Saeed Azhar, a Reuters financial journalist, notes that Goldman Sachs and Bank of America are also warning about potential economic effects of rising tariffs. Companies are advising consumers to be cautious amid uncertainty.
The Reuters Tariff Watch newsletter provides daily updates on global trade and tariff news. The report highlights the growing concerns among US banks about the impact of tariffs on their business.
Despite the rise in bank profits, executives are urging caution due to tariff uncertainty. The news has significant implications for investors and policymakers looking to mitigate potential economic slowdowns.
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Source: https://www.reuters.com/business/finance/us-bank-profits-rise-executives-raise-more-tariff-warnings-2025-04-11