Profits of Large US Banks Soar, but Warning Signs Emerge
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#5dd0d30d ver:0.36
Despite a drop in profits, Bank of America's investment banking fees increased by 29% in Q2 2024, driven by a resurgence in capital markets and M&A activity. The bank's net interest income fell 3%, but it expects a rebound in Q4. Morgan Stanley also reported strong Q2 results, with a 23% increase in institutional securities revenue and a 51% surge in investment banking revenue. Overall, US banks saw a 17% increase in profits, but warning signs include pressure on interest margins and rising costs. #Banking #InvestmentBanking #Profits...
#newstr #BankOfAmerica #MorganStanley #UsBanks #Profits #InvestmentBankingFees #CapitalGains #InterestMargin #Costs #TraditionalLendingBusiness #RegulatoryProposals
https://here.news/story/5dd0d30d?ver=0.36
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2024-07-17 11:01:09
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npub1ydhj8adwva6q26qamss9tmkfx5fj6qm4x5zur95qkp3ac2a4r4sqxzwrtdPublished at
2024-07-17 11:01:09Event JSON
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"content": "Profits of Large US Banks Soar, but Warning Signs Emerge\n===============\t\n#5dd0d30d ver:0.36\n\nDespite a drop in profits, Bank of America's investment banking fees increased by 29% in Q2 2024, driven by a resurgence in capital markets and M\u0026A activity. The bank's net interest income fell 3%, but it expects a rebound in Q4. Morgan Stanley also reported strong Q2 results, with a 23% increase in institutional securities revenue and a 51% surge in investment banking revenue. Overall, US banks saw a 17% increase in profits, but warning signs include pressure on interest margins and rising costs. #Banking #InvestmentBanking #Profits...\n\n#newstr #BankOfAmerica #MorganStanley #UsBanks #Profits #InvestmentBankingFees #CapitalGains #InterestMargin #Costs #TraditionalLendingBusiness #RegulatoryProposals \n\n https://here.news/story/5dd0d30d?ver=0.36",
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