Biggest US banks notch up $142bn in profits in blockbuster 2024

Quick Summary:

It marked the second-best year on records stretching to 2007, the year before the global financial crisis reshaped the industry.

Banks’ traditional lending businesses, the source of the majority of their profits, notched up a steadier performance last year.

Investment banking fees rose 34 per cent to $36bn as dealmaking activity picked up and companies launched sales of equity and debt.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Stephen Gandel

Category: MarketsFinanceInvesting

Markets: United States

Topics: Banks Bank Cent Financial Growth Profits 2025 Economy Year Interest 2023

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 15:30:30 (20 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25221542

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 17 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions