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Wells Fargo (WFC) Q3 2024 Earnings Call Transcript

The Motley Fool

We are also investing in our branches and have refurbished over 460 branches during the first three quarters of this year. We continue to hire proven leaders in our corporate investment bank. We also hired a new vice chair of corporate banking, who is focused on helping us continue to expand and grow that franchise.

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What We Learned From Bank of America's Latest Report

The Motley Fool

But you mentioned their equities trading, which was really strong, their investment banking fee growth, which was 29% year over year, which came from a very low bar, but now more companies are going public, more M&A activities happening, and the banks are a big beneficiary of that. trillion.

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Bank of America (BAC) Q3 2024 Earnings Call Transcript

The Motley Fool

The strong year-over-year fee performance was led by a 15% improvement in investment in brokerage services, mostly in our global wealth management business. Bank of America's 23 million Zelle users are up 10% in the past 12 months and their volume usage is now up more than 20%. On Slide 15, you see Global Banking results.

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JPMorgan Chase (JPM) Q2 2023 Earnings Call Transcript

The Motley Fool

Investment banking revenue of 1.5 IB fees were down 6% year on year, and we ranked at No. Gross investment banking and markets revenue of 767 million was down 3% year on year, primarily driven by fewer large M&A deals. Asset and wealth management reported a net income of 1.1 Net charge-offs were 1.3

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Wells Fargo (WFC) Q2 2024 Earnings Call Transcript

The Motley Fool

We continue to generate strong fee-based revenue growth with increases across most categories compared to a year ago due to both the investments we're making in our businesses and favorable market conditions with particular strength in investment advisory, trading activities, and investment banking.

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JPMorgan Chase (JPM) Q3 2024 Earnings Call Transcript

The Motley Fool

NII ex-markets was up $274 million or 1%, driven by the impact of balance sheet mix and securities reinvestment, higher revolving balances in card, and higher wholesale deposit balances, predominantly offset by lower deposit balances in banking and wealth management and deposit margin compression. NIR ex-markets was up $1.8

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JPMorgan Chase (JPM) Q2 2024 Earnings Call Transcript

The Motley Fool

billion or 21%, largely driven by higher investment banking revenue and asset management fees. Both periods included net investment securities losses. Next, the commercial and investment bank on Page 5. Our new commercial and investment bank reported net income of 5.9 billion or 56%.

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