Bank execs warn of risks despite solid earnings

Earning season is well underway with banks JPMorgan (JPM), Citigroup (C), and Wells Fargo (WFC) reporting solid results. Despite this, some bank executives are saying there is still cause for concern. JPMorgan Chase CEO Jamie Dimon warns of danger ahead and notes that the firm is preparing for a “broad range of outcomes.”

Wall Street Journal Reporter Ben Eisen joins Yahoo Finance Live to break down the factors surrounding the protective measures some banks are taking. “”A lot of the bank executives are sort of signaling we’re at a crossroads at this point,”” Eisen states, noting consistent consumer spending and the downside of higher interest rates.

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