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5.21648408971878E-05 -9.12884715702269E-05 -0.000208659363589048 5.21648408971878E-05 -0.000104329681794524 -0.000104329681794524 0.00151278038601978 0.000554512258737634
Stock impact report

How AI Is Growing Fast On Wall Street [Forbes]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Forbes
Four years ago, I wrote about how tech evangelist, former Goldman Sachs CFO and current partner and vice chairman at Sixth Street Marty Chavez predicted that it will be as as "writing an English sentence." At the time, Citigroup echoed Chavez's proclamation as it announced the bank's plan to aggressively , including coders, engineers and data analysts, to work in the trading and investment banking departments. The convergence of financial services and technology continues to be a growing trend, as investment banks are increasingly in their operations. It is estimated that throughout the cross section of banking, wholesale and retail, generative AI could add between in value, according to McKinsey research. How Banks Are Using AI The securities industry is utilizing AI to automate and streamline tasks, ranging from writing code, compliance monitoring to portfolio analysis, to boost productivity and effectiveness. Banks are developing AI-powered tools to assist bankers, traders Show less Read more
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