Major US Banks Record Q3 Loan and Deposit Growth
WFC Wells Fargo & Co
$80.90 +0.20%
View chart & analysis → - 1Citigroup recorded an average deposit growth rate of 11% and an average loan growth rate of 12% in Q3.
- 2Wells Fargo recorded an average deposit growth rate of 10.7% and an average loan growth rate of 11% in Q3.
- 3JPMorgan reported that average deposits increased by 4% and loans increased by 2% compared to the previous year.
So what's the key point?
US banks such as Citigroup and Wells Fargo have significantly increased their deposits and loans. Citigroup's deposits grew by 11%, indicating that banks are growing.
Source Reuters · View original ↗
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