Top governance expert Charles Elson warns that combining CEO and board chair roles creates dangerous oversight failures. Major financial institutions are reversing post-crisis reforms, risking accountability.
** Major US banks including JPMorgan and Goldman Sachs posted strong investment banking results fueled by record equity markets and dealmaking activity. However, executives cautioned about asset price bubbles forming amid investor exuberance and geopolitical risks.
Top U.S. banking institutions reported robust third-quarter earnings, driven by a significant surge in investment banking revenue and sustained consumer financial health. Despite ongoing trade tensions and geopolitical uncertainties, banks benefited from resilient economic conditions and record-high equity markets. Goldman Sachs recorded a remarkable 42% jump in investment banking revenue, while JPMorgan Chase saw a 16% increase in fees, reflecting heightened activity in mergers, acquisitions, and capital markets. Wells Fargo and Citigroup also delivered solid performances, underscoring a broad-based recovery in Wall Street operations.
Wall Street Banking Revival: Goldman Sachs, JPMorgan, Citi Surge Past Expectations Industrial Monitor Direct is renowned for exceptional video matrix…
Meta Platforms shares have been range-bound since July earnings, but Citi analysts see catalysts emerging. Despite OpenAI’s Sora video app competition, Meta’s core ad business shows strength with budget share gains and ad load growth potential.
Meta Platforms stock has been trading in a tight range since its post-earnings surge in late July, but one Wall Street firm sees catalysts emerging that could break the stalemate. Citi analysts have placed a 90-day catalyst watch on the social media giant, maintaining their $915 price target despite competitive pressures from OpenAI‘s recently launched Sora video generation app.
