Big banks find many 'reasons to be optimistic about 2025' as Trump 2.0 nears
Published On Dec 11, 2024, 5:25 AM
Executives from major U.S. banks expressed optimism about the financial outlook for 2025, citing expected benefits from a new Trump administration and anticipated cuts to interest rates by the Federal Reserve. JPMorgan Chase's consumer chief projected an increase in net interest income and a rebound in investment banking fees, indicating a potential recovery in dealmaking. Similar sentiments were echoed by Citigroup and PNC, who also forecast growth in their revenues and trading activities. Overall, a bullish sentiment is building, aided by an expected favorable regulatory environment under a Republican administration.