Reported 1 day ago
Executives from major U.S. banks are optimistic about 2025, anticipating a positive impact from a new Trump administration, expected interest rate cuts, and a rebound in investment banking and trading. JPMorgan Chase's Marianne Lake highlighted a projected $2 billion increase in net interest income, while Citigroup's CFO expressed confidence in meeting revenue targets. Despite some uncertainty regarding regulatory changes, the overall sentiment remains bullish, with bank stocks rising significantly since the election.
Source: YAHOO