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MM138: The first of the BIG BANK earnings are out! Here's what you need to know
Description
BlackRock the world's largest asset manager announced a $12bn M&A deal alongside its Assets Under Management (AUM) topping $10 trillion again.
J.P. Morgan reported its best-ever annual profit, while Citigroup saw the most positive share price response to its earnings despite losing some $1.8 billion in Q4, as investors embrace the turnaround strategy that will see them eliminate 20,000 jobs.
A great episode to better understand the unique merits of each of these different financial institutions.
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