Topic

AI boom lifts banks' revenues

4h

Wall Street banks gained from the artificial-intelligence boom as investment-banking revenue rose and wealth managers attracted AI millionaires, while a Deutsche Bank strategist said it was no bubble.

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Reposted by Dean Baker

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Reposted by Serge Egelman

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Reposted by Henry Jones

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@jasonkoebler.bsky.social All these downstream AI firms have zero moat and their burn rate represents a subsidy from investors (that means pension funds and 401k) It's going to be the AI Snap that'll fry 90% of firms like them, and there are no bottom-feeding buyers picking through the ashes.
Game Over Retro Neon Glow
ALT: Game Over Retro Neon Glow
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October 13, 2026 at 9:34 PM