2025-01-23
9 分钟TNB Tech Minute gives you the day's top tech headlines, from the big names in Silicon Valley to the halls of power.
If it's making news in tech, we've got it.
Check out TNB Tech Minute in the Tech News Briefing feed from the Wall Street Journal.
Hey listeners, it's Wednesday, January 22nd.
I'm chip cutter for the Wall Street Journal and this is what's News in Earnings.
Last earnings season we tried something new, a look at the big themes that stood out in corporate earnings reports.
And the response we got was so overwhelmingly positive that we're going to make it a regular fixture in the what's News feed.
Each earnings season we'll have a number of episodes looking at what corporate reports and analyst calls can tell us about what's going on under the hood of the American economy.
Starting today with banks.
Big banks unofficially kicked off the earnings season, giving us insights into consumer borrowing, investors trading habits, the M and A outlook, and more.
Wall Street Journal banking reporter Alexander Saidi spent some time analyzing the results of companies like Goldman Sachs, JPMorgan Chase, bank of America and more.
He's here now to help explain what stood out and what's on the horizon.
Hi Alex.
Hey Chip.
Alright, so some of the country's biggest banks ended the year with bumper profits.
Those firms with Wall street arms really seem to do particularly well.
So what explains their big profit growth?
The Wall street businesses did really well in the last three months of 2024, but also really over the full year.
One, because companies are finally getting more confidence to borrow, spend and invest in their businesses again, but also in the markets.
So all of that is good for the investment banking business because that's more fees, that's more transactions.