Reported about 7 hours ago
Last week, the largest U.S. banks reported impressive fourth-quarter revenue and profit gains, primarily fueled by a revival in investment banking activities. Notable increases in investment banking revenues of over 25% were observed across the sector, with JPMorgan Chase and Bank of America leading with increases of 49% and 44%, respectively. This resurgence followed a downturn caused by previous Federal Reserve interest rate hikes. As corporate bond issuance and mergers & acquisitions activity rebounded, investors reacted positively, boosting bank stocks and offering reassurance amid ongoing inflation concerns.
Source: YAHOO