What actions did banks take to manage costs during the last quarter?
3 Charts to Know: What the FICC? Banks Upbeat After 4Q Fall
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Business
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The video tutorial discusses the performance of fixed income trading, highlighting a decline in revenue to $808 million, below the estimated $1 billion. It compares the performance of major banks like Morgan Stanley, Goldman Sachs, and JP Morgan, noting significant share price changes and earnings per share. The tutorial also covers cost-cutting measures, including job reductions, and examines the impact of tax reforms on banks' future growth prospects.
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OPEN ENDED QUESTION
3 mins • 1 pt
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What is the hope for banks regarding tax rates moving forward?
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