{"id":13189,"date":"2023-04-19T15:21:31","date_gmt":"2023-04-19T15:21:31","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/factbox-how-big-u-s-banks\/"},"modified":"2023-04-19T15:23:26","modified_gmt":"2023-04-19T15:23:26","slug":"factbox-how-big-u-s-banks","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/factbox-how-big-u-s-banks\/","title":{"rendered":"Factbox-How big U.S. banks are managing bad loan reserves"},"content":{"rendered":"

(Reuters) – U.S. banking heavyweights set aside billions of dollars in the first quarter to account for potential bad loans, as rising interest rates turn up the heat on borrowers who are just starting to see some relief from inflation.<\/p>\n

Below is an outline of how banks have managed their reserves since 2020:<\/p>\n

JPMorgan Chase & Co <\/p>\n

Quarter Reserves\/provisions Reserves\/provisions built <\/p>\n

released <\/p>\n

Q1 2023 $2.3 billion <\/p>\n

Q4 2022 $2.3 billion <\/p>\n

Q3 2022 $1.5 billion <\/p>\n

Q2 2022 $1.1 billion <\/p>\n

Q1 2022 $1.5 billion <\/p>\n

Q4 2021 $1.3 billion <\/p>\n

Q3 2021 $1.5 billion <\/p>\n

Q2 2021 $2.3 billion <\/p>\n

Q1 2021 $4.2 billion <\/p>\n

Q4 2020 $1.9 billion <\/p>\n

Q3 2020 $611 million <\/p>\n

Q2 2020 $10.5 billion <\/p>\n

Q1 2020 $8.3 billion <\/p>\n

Bank of America Corp <\/p>\n

Quarter Reserves\/provision Reserves\/provisions built <\/p>\n

s released <\/p>\n

Q1 2023 $124 million <\/p>\n

Q4 2022 $403 million <\/p>\n

Q3 2022 $378 million <\/p>\n

Q2 2022 $48 million <\/p>\n

Q1 2022 $362 million <\/p>\n

Q4 2021 $851 million <\/p>\n

Q3 2021 $1.1 billion <\/p>\n

Q2 2021 $2.2 billion <\/p>\n

Q1 2021 $2.7 billion <\/p>\n

Q4 2020 $828 million <\/p>\n

Q3 2020 $417 million <\/p>\n

Q2 2020 $4 billion <\/p>\n

Q1 2020 $3.6 billion <\/p>\n

Goldman Sachs Group Inc <\/p>\n

Quarter Reserves\/provisions Reserves\/provisions built <\/p>\n

released <\/p>\n

Q1 2023 $171 million <\/p>\n

Q4 2022 $972 million <\/p>\n

Q3 2022 $515 million <\/p>\n

Q2 2022 $667 million <\/p>\n

Q1 2022 $561 million <\/p>\n

Q4 2021 $344 million <\/p>\n

Q3 2021 $175 million <\/p>\n

Q2 2021 $92 million <\/p>\n

Q1 2021 $70 million <\/p>\n

Q4 2020 $293 million <\/p>\n

Q3 2020 $278 million <\/p>\n

Q2 2020 $1.6 billion <\/p>\n

Q1 2020 $937 million <\/p>\n

Citigroup Inc <\/p>\n

Quarter Reserves\/provisio Reserves\/provisions built <\/p>\n

ns released <\/p>\n

Q1 2023 $241 million <\/p>\n

Q4 2022 $640 million <\/p>\n

Q3 2022 $370 million <\/p>\n

Q2 2022 $375 million <\/p>\n

Q1 2022 $138 million <\/p>\n

Q4 2021 $1.4 billion <\/p>\n

Q3 2021 $1.2 billion <\/p>\n

Q2 2021 $2.4 billion <\/p>\n

Q1 2021 $3.9 billion <\/p>\n

Q4 2020 $1.5 billion <\/p>\n

Q3 2020 $436 million <\/p>\n

Q2 2020 $5.9 billion <\/p>\n

Q1 2020 $4.9 billion <\/p>\n

Wells Fargo & Co <\/p>\n

Quarter Reserves\/provisio Reserves\/provisions built <\/p>\n

ns released <\/p>\n

Q1 2023 $1.21 billion <\/p>\n

Q4 2022 $957 million <\/p>\n

Q3 2022 $784 million <\/p>\n

Q2 2022 $580 million <\/p>\n

Q1 2022 $787 million <\/p>\n

Q4 2021 $452 million <\/p>\n

Q3 2021 $1.4 billion <\/p>\n

Q2 2021 $1.26 billion <\/p>\n

Q1 2021 $1.05 billion <\/p>\n

Q4 2020 $179 million <\/p>\n

Q3 2020 $769 million <\/p>\n

Q2 2020 $9.5 billion <\/p>\n

Q1 2020 $4 billion <\/p>\n

Morgan Stanley <\/p>\n

Quarter Reserves\/provision Reserves\/provisions built <\/p>\n

s released <\/p>\n

Q1 2023 $234 million <\/p>\n

Q4 2022 $87 million <\/p>\n

Q3 2022 $35 million <\/p>\n

Q2 2022 $101 million <\/p>\n

Q1 2022 $57 million <\/p>\n

Q4 2021 $5 million <\/p>\n

Q3 2021 $24 million <\/p>\n

Q2 2021 $73 million <\/p>\n

Q1 2021 $98 million <\/p>\n

Q4 2020 $4 million <\/p>\n

Q3 2020 $111 million <\/p>\n

Q2 2020 $239 million <\/p>\n

Q1 2020 $407 million <\/p>\n

Source: Company statements <\/p>\n

\n

(Reporting by Manya Saini and Niket Nishant in Bengaluru; editing by Deepa Babington and Devika Syamnath)<\/p>\n

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(Reuters) – U.S. banking heavyweights set aside billions of dollars in the first quarter to account for potential bad loans, as rising interest rates turn up the heat on borrowers who are just starting to see some relief from inflation. Below is an outline of how banks have managed their reserves since 2020: JPMorgan Chase […]<\/p>\n","protected":false},"author":8,"featured_media":13190,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-13189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3G0GJ-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/13189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=13189"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/13189\/revisions"}],"predecessor-version":[{"id":16260,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/13189\/revisions\/16260"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/13190"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=13189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=13189"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=13189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}