Bloomberg Businessweek Big Bank Earnings Are Back
14 snips
Jan 15, 2025 
Katherine Doherty, a finance reporter at Bloomberg News, delves into the recent bank earnings and their impact on the economy. Tony Davidow, an alternatives investment strategist, discusses lucrative opportunities in alternative investments and the complexities of integrating private equity into 401k plans. Rick Pitcairn, CIO at Pitcairn Family Office, shares insights on wealth management strategies for high-net-worth families, emphasizing the importance of innovative portfolios and philanthropy in navigating today's market.
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Banks' Profitability
- Big banks had a strong second most profitable year in 2024, following 2021.
- Positive momentum continues, with expectations of increased deals and market volatility.
Regulatory Optimism
- Bank executives anticipate eased regulatory burdens, particularly regarding capital requirements.
- This positive outlook fuels optimism for future growth and profitability.
Citigroup's Buyback
- Citigroup announced a $20 billion buyback, despite lowering profit expectations.
- Their stock performance remained positive, suggesting investor confidence.