Unfortunately for US banks, their 2023 winning streak petered out in the fourth quarter, resulting in disappointing earnings overall to finish off the year, though some fared much better than others. Banking leaders are hopeful for a 2024 turnaround, but much will depend on central banks’ policy manoeuvrers and geopolitical developments.
MIL-OSI: GAMCO Investors, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023 foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
Quarter End AUM of $31.1 billion; Average AUM of $29.5 billion for the Fourth QuarterOperating Margin of 27.6% for the Fourth Quarter and 28.1% for full.