Big banks' boom time

Marketplace

American Public Media

Business, News

4.6 • 8K Ratings

🗓️ 14 October 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Amid all the anxiety, uncertainty and flip-flopping in this economy, one sector is doing tremendously: Big banks. Recent earnings reports showed banks including Citibank and JPMorgan beat revenue expectations and grew at a clip over the past few months. In this episode, why banks are thriving as regulations loosen and the economy gets unpredictable. Plus: A growing share of small businesses are raising prices in response to tariffs, Microsoft stopped updating Windows 10, and battery makers weigh pivot from EVs to grid storage.

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Transcript

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0:00.0	If you've shopped online, chances are you've bought from a business powered by Shopify.
0:05.6	You know that purple shop pay button you see at checkout?
0:08.4	The one that makes buying so incredibly easy?
0:11.1	That's Shopify.
0:12.1	And there's a reason so many businesses sell with it,
0:15.0	because Shopify makes it incredibly easy to start and run your own business.
0:19.8	Shopify is the commerce platform behind millions of
0:22.2	businesses around the world, from household names like Mattel and Jimshark to brands just getting
0:26.8	started. If you want to see less carts being abandoned, it's time for you to head over to Shopify.
0:32.8	Sign up for a one pound per month trial and start selling today at Shopify.co.com.uk slash Marketplace 22.
0:40.6	Go to Shopify.com.uk.uk slash Marketplace 22.
0:48.0	Big banks doing great. Small businesses, not so optimistic. And we'll add a little romance to the show.
0:56.5	From American Public Media, this is Marketplace.
1:08.3	In Washington, I'm Kimberly Adams in for Kai Rizdahl. It's Tuesday, October 14th. Good to have you along. We got a bunch of earnings reports this morning from big banks, and things are looking pretty good from the perspective of America's Titans of Finance. City Bank reported revenue was up 9% in just the third quarter, up 15% in a year.
1:30.1	J.P. Morgan's investment banking revenue was up 16% in the quarter. Revenue from trading was up 25%.
1:37.5	Goldman Sachs, Wells Fargo also did very well. One question, though, why is this happening?
1:46.3	Especially at a time when consumers and small businesses are feeling so anxious, Marketplaces Sabree Beneshore asked around.
1:52.2	It's not just one bank here or there. It is all the banks. All the big ones, anyway. They are doing
1:57.9	great. Goliath is winning.
2:03.5	Mike Mayo is a managing director at Wells Fargo Securities.
2:09.7	Wall Street Banking is concentrated among the largest players, Citigroup, Bank America,
2:13.9	J.P. Morgan, a few others, and they continue to gain share.
	...

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