David Solomon defeated a proposal seeking to separate his roles as CEO and chairman of Goldman Sachs, but the measure received double the support it did in 2023.
Russia's second-largest bank VTB reported a 17% drop in first-quarter net profit to 122.4 billion roubles ($1.33 billion), CFO Dmitry Pyanov said, but expects to make record profits in 2024 as net fee and commission income continues growing. VTB made a record 432.2 billion roubles in 2023, rebounding from a sanctions-induced loss of 667.5 billion roubles the year before, but still expects to surpass that total in 2024.
Key Insights Significantly high institutional ownership implies JPMorgan Chase's stock price is sensitive to their...