Time for Big Bank ETFs on Upbeat Earnings?
Bank of America(BAC) ZACKS·2024-10-16 21:00
In the third quarter of 2024, Wall Street's largest banks recorded a notable rebound, driven by increased corporate activity in debt issuance and mergers. Many of these banks reported strong trading performances, which helped offset uneven consumer banking results to some extent.Collectively, Goldman Sachs (GS) , Bank of America (BAC) , Citigroup (C) , and JPMorgan Chase (JPM) reported combined investment banking fees of $6.5 billion, a 27% increase year-over-year. Combined trading revenue for these banks r ...