New York, Jan 15, 2025 (AFP) - US bank profits rise as Wall Street hopes for merger boom

NAMPA / AFP

2025-01-15

Large US banks reported soaring profits Wednesday propelled by strength in trading and financial advisory services as Wall Street eyes a potential merger boom under the incoming Trump administration. Profits climbed for US financial heavyweights including JPMorgan Chase and Goldman Sachs, in part because of the absence of large costs in 2024's year-ending quarter. In the equivalent period in 2023, banks set aside large sums to replenish a US resc......

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