Leaders at some of Wall Street’s biggest banks took turns calling an end to the record run for their biggest source of revenue. Wells Fargo surprised analysts by predicting a 9% slide in net interest income for 2024, while Citi forecasted a modest decline this year.
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Banks say 2023 was the peak after $250b interest haul
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"In 2023, the four giants raked in $253b in NII — the difference between what it earns on its assets and what it pays on its debts — about $80b higher than 2021’s total."
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