Six of the largest banks in the United States recorded exceptional returns in 2024, despite recession fears and geopolitical certainty.
JPMorgan Chase, Citi, Bank of America, Goldman Sachs, Wells Fargo and Morgan Stanley printed $ 145.68 billion in joint profits last year, largely paying great offers in investment services and making them.
JPMorgan Chase saw a net income of $ 58.5 billion in 2024, with $ 14 billion in the fourth quarter, due to an increase in banking activity for investment and banking activity.
He says CEO of JPMorgan Jimmy Damon,
The American economy was flexible. Unemployment is still relatively low, and consumer spending remains in good health, including during the holiday season. Companies are more optimistic about the economy, and are encouraged through expectations to obtain a more pro -growth agenda and improve cooperation between government and business. ”
Bank of America I was born A net income of $ 27.1 billion last year, driven by strong fees. Wales Vargo was Net income From $ 19.7 billion in 2024 amid two -number growth in both trading and investment banking services.
Meanwhile, Goldman Sachs Record 14.28 billion dollars in net profits last year, as the company ranked first around the world in terms of completing the merger and acquisitions. Morgan Stanley I mentioned 13.4 billion dollars of net income in 2024 behind “strong results” across the company’s business sectors.
For City, the bank to publish 12.7 billion dollars in profits last year amid “record years” in the services of the company, wealth and American personal banking departments.
Quoting Reports The joint profits published by the six banks are 20 % over the profits created in 2023 and represent the second highest level in 17 years.
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