The banks had a mostly strong 2023 driven by a resilient job market, a U.S. consumer who continues to spend and not fall behind on their debts despite the impact of inflation, and higher interest rates that have boosted revenue across the industry.
JPMorgan brought in an eyeball-popping $50 billion in profits last year, up from $37.6 billion in profits in 2022. Revenue at the largest bank in the country was nearly $160 billion.
[
add
]
[
|
|
...
]