LPNEWS
"I consider the current [bank] issues as not remotely comparable to 2008," Morgan Stanley's James Gorman said. The world's largest banks reported earnings over the past week, and all eyes were on CEOs of the Wall Street giants for cues on how markets will weather current economic conditions. Several see a downturn, albeit a mild one, as consumers overall remain in strong shape and face the prospect of inflation continuing to cool. Here is what some top bank CEOs are saying about the US economy during their earnings calls this season.