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JP Morgan and Goldman Sachs to lead Wall Street profit haul on back of Iran war.
Goldman Sachs and JP Morgan expect significant profit growth due to Middle East volatility.
KEY POINTS
- Goldman Sachs cites regulatory changes increasing the likelihood of strategic transactions and M&A activity.
- JP Morgan forecasts 8.5% growth in interest income and over 7% profit growth for Q1.
- Citigroup is projected to see the largest profit surge from increased investment banking fees and market revenue.
- Bank leaders warn that the Iran war may cause persistent inflation and higher interest rates.
COMPANIES
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