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The AI boom just found two new winners: Goldman Sachs and JPMorgan Chase
Goldman Sachs and JPMorgan showed that Wall Street is a major beneficiary of the AI boom, with record revenue driven by surging trading and investment banking.
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marketplace.org
Why are big banks doing so well in this economy?
Banks are making money on the AI and stock market boom, whether by directly financing companies, facilitating stock trades, or managing IPOs.
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irishtimes.com
Major US banks report sharp rise in profits
Uptick based on boom in equities trading businesses
