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Wells Fargo (WFC) Q4 2024 Earnings Call Transcript

The Motley Fool

We created a strategic partnership with Centerbridge Partners and introduced Overland Advisors to better service our commercial banking customers with a direct lending product. We have targeted our investment banking capabilities toward our commercial banking clients. The opportunity remains significant.

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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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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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Bank of America (BAC) Q4 2024 Earnings Call Transcript

The Motley Fool

We ended the year with $6 trillion in total client balances that we manage for people in America across our global wealth and consumer businesses. Our customer investments team, what we call Merrill Edge, crossed a new milestone this quarter and now sits in excess of $518 billion in balances. Investment banking grew 44%.

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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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JPMorgan Chase (JPM) Q1 2024 Earnings Call Transcript

The Motley Fool

billion or 12% driven by higher firmwide asset management and Investment Banking fees as well as lower net investment securities losses. Next, the Corporate & Investment Bank on Page 5. Investment Banking revenue of $2 billion was up 27% year on year. NIR ex Markets was up $1.2