Giant US banks have passed the Fed's stress test.
The five largest U.S. banks said Friday they will return more cash to shareholders after passing the Fed's stress tests early last week, a show of strength that reinforces the gap between the industry giants and smaller regional rivals.
Amazon $AMZN will expand its mobile phone offerings for Prime members.
Apple $AAPL will offer high-yield savings accounts.
JP Morgan $JPM now controls more than 15% of US bank deposits.
Google $GOOG now controls more than 90% of global search traffic.
Meta $META just announced that it has 3 billion active users across all of its platforms.
A few companies now control almost...
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I guess it depends, what's "crumb"? At least for me it's wrong that there is an unassailable monopoly in every segment...
It's definitely interesting. I would take it as some new information, but I probably wouldn't rely on AI alone.
That's what foam looks like. I don't have a bank in my portfolio yet but I will probably consider buying a big bank eventually because after all, you can see how the big banks are doing and are still stable.
Of the big banks, I have $BAC in my portfolio, and then I have another smaller, regional bank , $NYCB. When I bought it, it was way down.