Wall Street banks set to profit again when Fed withdraws pandemic stimulus By Reuters – Investing.com
- Date: 18-Oct-2021
- Source: Investing.com
- Sector:Financial Services
- Country:Middle East
Wall Street banks set to profit again when Fed withdraws pandemic stimulus By Reuters – Investing.com
By Matt Scuffham
NEW YORK (Reuters) -Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve's massive injection of cash into financial markets.
With the central bank nearing the time when it will start winding down its asset purchases, banks are set to profit again as increased volatility encourages clients to buy and sell more stocks and bonds, analysts, investors and executives say.