Citigroup, Wells Fargo, and Bank of America Report Profit Surge as Biden’s Inflation Crushes American Workers
Wendell Husebø 14 Jul 2021
Citigroup, Wells Fargo, Bank of America, and investment firm BlackRock reported increased earnings Wednesday, while everyday consumer goods prices have increased due to President Joe Biden’s inflation.
Bank of America earnings per share soared 111 percent to 78 cents, and Wells Fargo earnings surged 247 percent to 97 cents a share, as Citigroup earnings per share are set to increase 298 percent to $1.99.
Also increasing their profits, BlackRock, whose principle is a supporter of mitigating the theory of “climate change,” recorded earnings, adjusted for non-recurring costs, at $10.03 per share, along with a stock price increase of 26 percent since Biden assumed office.
In more good news for the Wall Street elites, JPMorgan Chase posted on Tuesday “second-quarter earnings of $11.9 billion, or $3.78 per share, which exceeded the $3.21 estimate of analysts surveyed by Refinitiv.”
Goldman Sachs additionally reported second-quarter earnings Tuesday “of $15.02 per share, topping analysts’ expectation of $10.24 earnings per share,” CNBC explained. “The bank posted its second-best ever quarterly investment banking revenue as a rush of IPOs hit Wall Street last quarter.”
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https://www.breitbart.com/economy/2021/07/14/citigroup-wells-fargo-and-bank-of-america-report-profit-surge-as-bidens-inflation-crushes-american-workers/
