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McKinsey warns: Banks' profit rebound is 'fleeting', rate cuts will bring adverse effects.
On Friday (October 18th), McKinsey consultants warned in their annual industry status report that the high profits enjoyed by global banks in the past two years may be "fleeting", and predicted that declining interest rates and weak loan demand will pose resistance.
Customers Bancorp, Inc. to Host Third Quarter 2024 Earnings Webcast on Friday, November 1, 2024
Winning rate soaring! The "Trump trade" is making a comeback, which assets are leading the way up?
In the market, multiple sectors are betting on Trump becoming the winner, Trump media stocks, bitcoin, US dollars, and bank stocks are all rising.
Buy ahead of time in 2016? Benefiting from the 'Trump trade,' assets are outpacing the market, but this time 'it's somewhat different.'
Republican presidential candidate Trump's polls are reversing, and the 'winning odds' are gradually increasing. A Merrill Lynch strategist pointed out that investors seem to be rushing to allocate to symbols that performed well after Trump's victory in 2016. What inspiration does this have for investment?
Wall Street is revitalized, Goldman Sachs reaches a new high, CEO asserts: competitors will find it very difficult to catch up with the leading banks.
Top banks in the usa saw a strong rebound in Q3 financial season, Ted Pick from Goldman Sachs stated that smaller banks are finding it hard to catch up with large banks due to high business operation costs.
Q3 financial report performance is outstanding! Several Bank of America stocks have reached new highs together, can they continue to strengthen during the rate cut cycle?
Yesterday, JPMorgan, Goldman Sachs, Wells Fargo & Co, Morgan Stanley, and bank of new york mellon all hit record highs during yesterday's trading session. However, the stock prices later rose and fell back, with bank stocks showing mixed performance at the close.