US bank profits to surge on investment banking jump in fourth quarter
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
US bank profits are expected to increase, driven by a surge in investment banking. Several major banks, including JPMorgan and Goldman Sachs, have reported significant profit jumps, with trading and corporate dealmaking cited as key factors. The total profit for big US banks is reported to be nearly $50 billion, although market reactions to the earnings have been mixed.
Full coverage
12345678