Stocks Under Pressure 8/8/23
Halftime Report
00:00
The Benefits of Operating Leverage and Wealth Management in Capital Markets
JP Morgan, paying a 0.01% savings rate, somehow managed a 44% year over year increase in net interest income for the quarter. How? Is it magic? No. It's because that cash sorting, what that looks like for the major banks that have wealth management to Stephanie's point or that have capital markets.
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