MM102: J.P. Morgan's $1trl target & why good data is bad news for stocks!
Market Maker
00:00
The Different Revenue Streams for Investment Banks
JP Morgan is the biggest bank. I mean, actually not sure what the valuation of Goldman's is. But it's certainly not. And so why does that happen? Because the whole point around consumer and sort of corporate banking,. it's had a bank's make money. So 2022 has been a really good year for these big banks that have the giant underlying consumer corporate banking divisions. It's something Goldman's been desperately trying to break into and I've spent a fortune trying to do it over the last 10 years but especially over the last five years. The strategy has been terrible and we've spent a whole load of money and got very far away from getting there.
Play episode from 09:25
Transcript
