Record $1.7 Trillion in Shareholder Payouts Boosted by Bank Profits, Analysis Shows

Wednesday, 13 March 2024, 00:01

In a recent report by British asset manager Janus Henderson, it is revealed that banks experienced a surge in profits leading to record shareholder payouts, reaching a total of $1.7 trillion. The increase in payouts can be attributed to the boost in margins due to high interest rates. This signifies a significant financial milestone for the banking sector, showcasing the strong performance and profitability of banks in the recent period.

https://store.livarava.com/99eddb70-e0ce-11ee-9664-5254a2021b2b.jpe — Record $1.7 Trillion in Shareholder Payouts Boosted by Bank Profits, Analysis Shows

Record Bank Profits and Shareholder Payouts

Banks delivered record payouts as high interest rates boosted margins, according to a new report from British asset manager Janus Henderson.

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