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Updated · Pensions & Investments · Jul 20Wall Street Managers Weigh AI Bets and Acquisitions on Record Earnings
3 articles · Updated · Pensions & Investments · Jul 20Summary
- Big banks and asset managers are deciding how to deploy a cash windfall, with acquisitions and AI spending emerging as the main growth options.
- Record earnings and rising assets have left the industry flush with capital, encouraging firms to invest while market conditions remain supportive.
- Those moves are aimed at strengthening franchises before an expected cooling in markets makes expansion harder and organic growth less certain.
Insights
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