Banks Rebound as Stock Market Booms
- Alexangel Ventura
- Oct 16, 2024
- 1 min read
U.S. Banks rebounded in recent weeks as the stock market skyrockets from lows in early September.
As inflation rates get smaller and smaller, and interest rates decrease, Big Banks capitalized in the Third Quarter higher demand for cheaper loans, as well as much more effective merger acquisitions made throughout the world. This has particularly benefited investment banks such as Goldman Sachs.
Goldman Sachs reported a 20% increase in investment banking fees. Other investment banks obtained higher fee rates from the bond market.
