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Wall Street Sees Major Jump in Profits, Helped by Soaring Stock Prices and Deal Making
JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo saw profits rise 9% to 37% as consumer spending and deal making boost Wall Street earnings.
Summary by WKMG
10 Articles
10 Articles
Goldman Sachs, JPMorgan, and Citi surged past expectations as Wall Street bankers get busy again
Workers in downtown ManhattanMomo Takahashi/BIBig banks posted strong earnings results as dealmaking returns to Wall Street.Goldman's advisory revenue jumped 60% to $1.4 billion from a year earlier, the bank said.JPMorgan and Citi also logged double-digit gains in investment banking fees.After nearly three years of sputtering and false starts since the pandemic-era highs, dealmaking is finally looking like it's back in gear on Wall Street.Goldma…
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JPMorgan and other US banking giants such as Goldman Sachs and Citi were able to report strong quarterly figures on Tuesday as deal fever in the United States increases and more companies are looking to the...
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Total News Sources10
Leaning Left3Leaning Right0Center3Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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