{"id":11955,"date":"2025-09-11T20:10:26","date_gmt":"2025-09-11T13:10:26","guid":{"rendered":"https:\/\/nopphatnguoi.vn\/blog\/ngan-hang-my-lai-khung-15-ty-usd-trong-quy-ii-2025\/"},"modified":"2025-09-11T20:10:27","modified_gmt":"2025-09-11T13:10:27","slug":"ngan-hang-my-lai-khung-15-ty-usd-trong-quy-ii-2025","status":"publish","type":"post","link":"https:\/\/nopphatnguoi.vn\/blog\/ngan-hang-my-lai-khung-15-ty-usd-trong-quy-ii-2025\/","title":{"rendered":"Ng\u00e2n h\u00e0ng M\u1ef9 l\u00e3i kh\u1ee7ng 15 t\u1ef7 USD trong qu\u00fd II\/2025"},"content":{"rendered":"<div>\n<p> C&aacute;c ng&acirc;n h&agrave;ng l&#7899;n nh&#7845;t t&#7841;i M&#7929; &#273;&atilde; c&ocirc;ng b&#7889; k&#7871;t qu&#7843; kinh doanh qu&yacute; II &#7845;n t&#432;&#7907;ng, v&#7899;i t&#7893;ng l&#7907;i nhu&#7853;n l&ecirc;n t&#7899;i kho&#7843;ng 39 t&#7927; USD, t&#259;ng h&#417;n 20% so v&#7899;i c&ugrave;ng k&#7923; n&#259;m ngo&aacute;i. Th&agrave;nh t&iacute;ch n&agrave;y v&#432;&#7907;t xa k&#7923; v&#7885;ng c&#7911;a c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch, cho th&#7845;y gi&#7899;i &#273;&#7847;u t&#432; v&agrave; l&atilde;nh &#273;&#7841;o doanh nghi&#7879;p &#273;ang ng&agrave;y c&agrave;ng t&#7887; ra th&#7901; &#417; v&#7899;i nh&#7919;ng tuy&ecirc;n b&#7889; v&#7873; thu&#7871; quan d&#7891;n d&#7853;p t&#7915; ch&iacute;nh quy&#7873;n M&#7929;, xem ch&uacute;ng nh&#432; nh&#7919;ng ph&aacute;t ng&ocirc;n g&acirc;y nhi&#7877;u v&agrave; m&#7841;nh d&#7841;n x&uacute;c ti&#7871;n c&aacute;c giao d&#7883;ch h&agrave;ng t&#7927; USD.<\/p>\n<p>Nh&agrave; ph&acirc;n t&iacute;ch Mike Mayo c&#7911;a Wells Fargo nh&#7853;n &#273;&#7883;nh r&#7857;ng ho&#7841;t &#273;&#7897;ng ng&acirc;n h&agrave;ng &#273;&#7847;u t&#432;, t&#259;ng tr&#432;&#7903;ng cho vay v&agrave; s&#7921; l&#7841;c quan v&#7873; c&aacute;c k&#7883;ch b&#7843;n kinh t&#7871; &#273;&#7873;u c&oacute; s&#7921; kh&#7903;i s&#7855;c. Hi&#7879;n t&#7841;i, c&aacute;c cu&#7897;c th&#7843;o lu&#7853;n v&#7873; suy tho&aacute;i kinh t&#7871; g&#7847;n nh&#432; &#273;&atilde; kh&ocirc;ng c&ograve;n. T&#7841;i JPMorgan, ng&acirc;n h&agrave;ng l&#7899;n nh&#7845;t v&agrave; c&oacute; l&#7907;i nhu&#7853;n cao nh&#7845;t n&#432;&#7899;c M&#7929;, l&#7907;i nhu&#7853;n trong qu&yacute; &#273;&#7841;t kho&#7843;ng 15 t&#7927; USD, g&#7847;n b&#7857;ng t&#7893;ng l&#7907;i nhu&#7853;n c&#7911;a ba ng&acirc;n h&agrave;ng l&#7899;n ti&#7871;p theo c&#7897;ng l&#7841;i.<\/p>\n<p>M&#7843;ng ng&acirc;n h&agrave;ng &#273;&#7847;u t&#432; c&#7911;a JPMorgan ghi nh&#7853;n doanh thu t&#259;ng v&#7885;t 7%, cao h&#417;n 450 tri&#7879;u USD so v&#7899;i d&#7921; b&aacute;o c&#7911;a c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch. Gi&aacute;m &#273;&#7889;c T&agrave;i ch&iacute;nh c&#7911;a JPMorgan chia s&#7867; r&#7857;ng s&#7921; kh&#7903;i s&#7855;c c&#7911;a ph&iacute; ng&acirc;n h&agrave;ng &#273;&#7847;u t&#432; ph&#7843;n &aacute;nh vi&#7879;c c&aacute;c doanh nghi&#7879;p &#273;&atilde; ch&#7845;p nh&#7853;n s&#7921; b&#7845;t &#7893;n v&agrave; quy&#7871;t &#273;&#7883;nh ti&#7871;p t&#7909;c c&aacute;c giao d&#7883;ch. C&#7897;ng &#273;&#7891;ng doanh nghi&#7879;p d&#432;&#7901;ng nh&#432; &#273;&atilde; ch&#7845;p nh&#7853;n r&#7857;ng h&#7885; ch&#7881; c&#7847;n t&igrave;m c&aacute;ch xoay x&#7903; &#273;&#7875; v&#432;&#7907;t qua.<\/p>\n<p>C&aacute;c ch&#7881; s&#7889; n&#7897;i b&#7897; c&#7911;a JPMorgan v&#7873; r&#7911;i ro kinh t&#7871; M&#7929; &#273;&atilde; &#8216;h&#7841; nhi&#7879;t&#8217; so v&#7899;i qu&yacute; &#273;&#7847;u ti&ecirc;n, khi m&#7897;t s&#7889; k&#7883;ch b&#7843;n t&#7891;i t&#7879; nh&#7845;t &#273;&atilde; &#273;&#432;&#7907;c lo&#7841;i b&#7887;. N&#7873;n kinh t&#7871; &#273;ang &#273;i &#273;&uacute;ng theo k&#7883;ch b&#7843;n &#8216;h&#7841; c&aacute;nh m&#7873;m&#8217;. Ng&#432;&#7901;i ti&ecirc;u d&ugrave;ng v&agrave; c&aacute;c c&ocirc;ng ty &#273;ang vay ti&#7873;n nhi&#7873;u h&#417;n t&#7915; JPMorgan, v&#7899;i t&#259;ng tr&#432;&#7903;ng cho vay t&#259;ng 5% so v&#7899;i c&ugrave;ng k&#7923; n&#259;m ngo&aacute;i.<\/p>\n<p>Gi&aacute;m &#273;&#7889;c &#273;i&#7873;u h&agrave;nh c&#7911;a JPMorgan t&#7887; ra t&#432;&#417;ng &#273;&#7889;i l&#7841;c quan v&#7873; t&igrave;nh h&igrave;nh kinh t&#7871;, v&#7899;i c&aacute;c y&#7871;u t&#7889; th&uacute;c &#273;&#7849;y nh&#432; d&#7921; lu&#7853;t chi ti&ecirc;u c&#7911;a T&#7893;ng th&#7889;ng Trump v&agrave; n&#7895; l&#7921;c b&atilde;i b&#7887; quy &#273;&#7883;nh tr&ecirc;n nhi&#7873;u ng&agrave;nh. C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang M&#7929; g&#7847;n &#273;&acirc;y &#273;&atilde; c&ocirc;ng b&#7889; m&#7897;t &#273;&#7873; xu&#7845;t s&#7917;a &#273;&#7893;i y&ecirc;u c&#7847;u v&#7873; v&#7889;n m&agrave; c&aacute;c ng&acirc;n h&agrave;ng ph&#7843;i n&#7855;m gi&#7919; &#273;&#7889;i v&#7899;i c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro th&#7845;p, c&oacute; kh&#7843; n&#259;ng gi&#7843;i ph&oacute;ng h&agrave;ng t&#7927; USD cho c&aacute;c ng&acirc;n h&agrave;ng.<\/p>\n<p>Gi&#7899;i &#273;&#7847;u t&#432; v&agrave; l&atilde;nh &#273;&#7841;o doanh nghi&#7879;p d&#432;&#7901;ng nh&#432; &#273;ang ng&agrave;y c&agrave;ng t&#7853;p trung v&agrave;o vi&#7879;c x&uacute;c ti&#7871;n c&aacute;c giao d&#7883;ch v&agrave; k&#7871; ho&#7841;ch kinh doanh, thay v&igrave; &#273;&#7875; &yacute; &#273;&#7871;n nh&#7919;ng bi&#7871;n &#273;&#7897;ng ng&#7855;n h&#7841;n tr&ecirc;n th&#7883; tr&#432;&#7901;ng. S&#7921; l&#7841;c quan v&#7873; tri&#7875;n v&#7885;ng kinh t&#7871; v&agrave; s&#7921; &#7893;n &#273;&#7883;nh c&#7911;a h&#7879; th&#7889;ng t&agrave;i ch&iacute;nh &#273;ang gi&uacute;p c&aacute;c ng&acirc;n h&agrave;ng l&#7899;n nh&#7845;t M&#7929; &#273;&#7841;t &#273;&#432;&#7907;c nh&#7919;ng k&#7871;t qu&#7843; kinh doanh &#7845;n t&#432;&#7907;ng.<\/p>\n<p>Trong b&#7889;i c&#7843;nh hi&#7879;n nay, c&aacute;c ng&acirc;n h&agrave;ng M&#7929; &#273;ang t&#7853;n d&#7909;ng c&#417; h&#7897;i &#273;&#7875; t&#259;ng tr&#432;&#7903;ng v&agrave; m&#7903; r&#7897;ng ho&#7841;t &#273;&#7897;ng kinh doanh c&#7911;a m&igrave;nh. Vi&#7879;c JPMorgan v&agrave; c&aacute;c ng&acirc;n h&agrave;ng kh&aacute;c &#273;&#7841;t &#273;&#432;&#7907;c l&#7907;i nhu&#7853;n k&#7927; l&#7909;c trong qu&yacute; II cho th&#7845;y s&#7913;c m&#7841;nh v&agrave; kh&#7843; n&#259;ng ph&#7909;c h&#7891;i c&#7911;a ng&agrave;nh ng&acirc;n h&agrave;ng M&#7929; trong th&#7901;i k&#7923; kinh t&#7871; b&#7845;t &#7893;n.<\/p>\n<p>V&#7899;i nh&#7919;ng k&#7871;t qu&#7843; kinh doanh &#7845;n t&#432;&#7907;ng n&agrave;y, c&aacute;c nh&agrave; &#273;&#7847;u t&#432; v&agrave; gi&#7899;i ph&acirc;n t&iacute;ch &#273;ang k&#7923; v&#7885;ng v&agrave;o m&#7897;t t&#432;&#417;ng lai t&#432;&#417;i s&aacute;ng h&#417;n cho ng&agrave;nh ng&acirc;n h&agrave;ng M&#7929;. Tuy nhi&ecirc;n, c&#361;ng c&#7847;n l&#432;u &yacute; r&#7857;ng nh&#7919;ng th&aacute;ch th&#7913;c v&agrave; r&#7911;i ro v&#7851;n c&ograve;n t&#7891;n t&#7841;i, v&agrave; c&aacute;c ng&acirc;n h&agrave;ng c&#7847;n ph&#7843;i ti&#7871;p t&#7909;c duy tr&igrave; s&#7921; c&#7843;nh gi&aacute;c v&agrave; th&iacute;ch nghi v&#7899;i nh&#7919;ng bi&#7871;n &#273;&#7897;ng tr&ecirc;n th&#7883; tr&#432;&#7901;ng.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ng\u00e2n h\u00e0ng M\u1ef9 \u0111\u1ea1t l\u1ee3i nhu\u1eadn kh\u1ee7ng qu\u00fd II\/2025 d\u00f9 bi\u1ebfn \u0111\u1ed9ng ch\u00ednh s\u00e1ch thu\u1ebf. JPMorgan d\u1eabn \u0111\u1ea7u v\u1edbi 15 t\u1ef7 USD l\u1ee3i nhu\u1eadn, t\u0103ng tr\u01b0\u1edfng m\u1ea1nh m\u1ebd trong ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0 v\u00e0 cho vay.<\/p>\n","protected":false},"author":1,"featured_media":11956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[3],"tags":[612,10212,1271,10213,10211],"class_list":["post-11955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thoi-su","tag-chinh-sach-thue","tag-jpmorgan","tag-loi-nhuan","tag-ngan-hang-dau-tu","tag-ngan-hang-my"],"_links":{"self":[{"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/posts\/11955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/comments?post=11955"}],"version-history":[{"count":0,"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/posts\/11955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/media\/11956"}],"wp:attachment":[{"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/media?parent=11955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/categories?post=11955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/tags?post=11955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}