America’s Big Banks Girded for a Wave of Bad Loans. They’re Still Waiting

Wall Street Journal, Jan. 15, 2021–David Benoit, Ben Eisen (subscription)
JPMorgan Chase & Co. posted a record quarterly profit while Citigroup Inc. and Wells Fargo & Co. both posted higher-than-expected earnings in the final three months of the year, boosted by the reserve releases and Wall Street’s record-setting run.