return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 7 months agoWhy did Occupy Wall Street fade away and how can we start it back up again?message-squaremessage-square85fedilinkarrow-up1361
arrow-up1361message-squareWhy did Occupy Wall Street fade away and how can we start it back up again?return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 7 months agomessage-square85fedilink
minus-squarealvvayson@lemmy.dbzer0.comlinkfedilinkarrow-up2·7 months agoRight, investment company. In particular, they are Not a Bank. If you just Google you will see JPM and Citi did quite badly under the low interest regime and bounced back after interest rates went up. Citi had a more pronounced bump with Covid stimulus. https://www.macrotrends.net/stocks/charts/JPM/jpmorgan-chase/gross-profit https://www.macrotrends.net/stocks/charts/C/citigroup/gross-profit They are still making nice profits, but Apple and Microsoft are at no risk of being overtaken by any bank any time soon.
Right, investment company.
In particular, they are Not a Bank.
If you just Google you will see JPM and Citi did quite badly under the low interest regime and bounced back after interest rates went up.
Citi had a more pronounced bump with Covid stimulus.
https://www.macrotrends.net/stocks/charts/JPM/jpmorgan-chase/gross-profit
https://www.macrotrends.net/stocks/charts/C/citigroup/gross-profit
They are still making nice profits, but Apple and Microsoft are at no risk of being overtaken by any bank any time soon.