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The Global Wealth and InvestmentManagement segment also saw a 15% increase in revenue, strongly driven by higher asset managementfees. Global Banking revenue increased by 3% year over year, with net income amounting to $2.1 A significant 44% surge in investmentbankingfees stood out as a notable achievement.
It's a matter of when and how much, and he signaled, hey, don't get used to where we were between the financial crisis in 2008 and the pandemic when rates were close to zero or zero. They focused on the fact that investment grade bond issuance was strong, a rebound in the IPO market, although it's still not where it has been in past years.
And the numbers speak for themselves: Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $18,332 !* Apple: if you invested $1,000 when we doubled down in 2008, you’d have $39,647 !* Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $329,766 !*
And the numbers speak for themselves: Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $21,022 !* Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,329 !* Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $393,839 !* NIR ex-markets was up $1.8
It's literally the worst year we've had since 1995, even worse than 2008. So, there's definitely what we call risk management. So, there's some risk managementfees because just our legal costs are going up significantly. If I were to characterize 2023, I would call it the year of operational excellence.
So that was a while back, but nonetheless, I don’t know if it was love at first sight, but we got to get along pretty well, and after a few years working for investmentbanks, he then joined Goldman Sachs. I joined, effectively, Deutsche Bank. We decided to try to have a go on our own. We were 28, 30 respectively.
I wanted to see the world, and whether it was investmentbanking, or basket weaving really had absolutely no bearing on my decision. MIELLE: After 2008? RITHOLTZ: 2008, ’09. I wanted a job that would take me away from Paris. Tell us about that period. MIELLE: So financial institutions were not my industry to cover.
Excluding the prior year's net investment securities losses, it was up 21%, largely on higher asset managementfees and investmentbankingfees. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, youd have $341,656 !* NIR ex-markets was up 3.1
The largest investmentmanagement firm in the world lowered the expense ratio on 168 of its mutual funds and exchange-traded funds (ETFs). The average ETF expense ratio for an index equity ETF in 2023 was 0.15%, although the ratios can vary widely based on factors such as active or passive management and the assets being tracked.
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