Investors' Chronicle

Predicting the market, US banks & biotech: The Companies and Markets Show

Jan 24, 2025
Jemma Slingo
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INSIGHT

US Bank Gains

  • US bank stocks saw gains, driven by a resurgence in investment banking activity.
  • This activity had been subdued for a couple of years, attributed to higher interest rates and geopolitical issues.
INSIGHT

JP Morgan's Success

  • JP Morgan, Wall Street's biggest bank, showed strong Q4 results, with net income up 50% to $14 billion.
  • Other banks, including Morgan Stanley, also performed well, indicating overall market enthusiasm.
INSIGHT

Contrasting Fortunes

  • Bank of America, a major credit card and mortgage lender, performed very well, unlike Citigroup.
  • Citigroup's profitability is under scrutiny, with pressure on management to improve its return on common equity.
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