Factbox-How big U.S. banks are managing bad loan reserves
2023.04.19 11:30
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© Reuters. FILE PHOTO: A J.P. Morgan logo is seen outside the JPMorgan bank offices in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier
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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 & Co (NYSE:)
Quarter Reserves/provisions Reserves/provisions built
released
Q1 2023 $2.3 billion
Q4 2022 $2.3 billion
Q3 2022 $1.5 billion
Q2 2022 $1.1 billion
Q1 2022 $1.5 billion
Q4 2021 $1.3 billion
Q3 2021 $1.5 billion
Q2 2021 $2.3 billion
Q1 2021 $4.2 billion
Q4 2020 $1.9 billion
Q3 2020 $611 million
Q2 2020 $10.5 billion
Q1 2020 $8.3 billion
Bank of America Corp (NYSE:)
Quarter Reserves/provision Reserves/provisions built
s released
Q1 2023 $124 million
Q4 2022 $403 million
Q3 2022 $378 million
Q2 2022 $48 million
Q1 2022 $362 million
Q4 2021 $851 million
Q3 2021 $1.1 billion
Q2 2021 $2.2 billion
Q1 2021 $2.7 billion
Q4 2020 $828 million
Q3 2020 $417 million
Q2 2020 $4 billion
Q1 2020 $3.6 billion
Goldman Sachs Group Inc (NYSE:)
Quarter Reserves/provisions Reserves/provisions built
released
Q1 2023 $171 million
Q4 2022 $972 million
Q3 2022 $515 million
Q2 2022 $667 million
Q1 2022 $561 million
Q4 2021 $344 million
Q3 2021 $175 million
Q2 2021 $92 million
Q1 2021 $70 million
Q4 2020 $293 million
Q3 2020 $278 million
Q2 2020 $1.6 billion
Q1 2020 $937 million
Citigroup Inc (NYSE:)
Quarter Reserves/provisio Reserves/provisions built
ns released
Q1 2023 $241 million
Q4 2022 $640 million
Q3 2022 $370 million
Q2 2022 $375 million
Q1 2022 $138 million
Q4 2021 $1.4 billion
Q3 2021 $1.2 billion
Q2 2021 $2.4 billion
Q1 2021 $3.9 billion
Q4 2020 $1.5 billion
Q3 2020 $436 million
Q2 2020 $5.9 billion
Q1 2020 $4.9 billion
Wells Fargo (NYSE:) & Co
Quarter Reserves/provisio Reserves/provisions built
ns released
Q1 2023 $1.21 billion
Q4 2022 $957 million
Q3 2022 $784 million
Q2 2022 $580 million
Q1 2022 $787 million
Q4 2021 $452 million
Q3 2021 $1.4 billion
Q2 2021 $1.26 billion
Q1 2021 $1.05 billion
Q4 2020 $179 million
Q3 2020 $769 million
Q2 2020 $9.5 billion
Q1 2020 $4 billion
Morgan Stanley (NYSE:)
Quarter Reserves/provision Reserves/provisions built
s released
Q1 2023 $234 million
Q4 2022 $87 million
Q3 2022 $35 million
Q2 2022 $101 million
Q1 2022 $57 million
Q4 2021 $5 million
Q3 2021 $24 million
Q2 2021 $73 million
Q1 2021 $98 million
Q4 2020 $4 million
Q3 2020 $111 million
Q2 2020 $239 million
Q1 2020 $407 million
Source: Company statements
