"Wall Street Banks' 2024 Outlook: Caution Amid Signs of Recovery"

Major American banks like Goldman Sachs, JPMorgan, Morgan Stanley, BofA, and Citi have revealed their outlook for 2024 following the disclosure of their 2023 results. While some banks like Goldman Sachs are cautiously optimistic and focusing on cost-cutting without layoffs, others like JPMorgan are planning to hire. Morgan Stanley is prioritizing the preservation of capital and not chasing market share, while BofA is experiencing low turnover rates and expects investment banking revenues to rebound. On the other hand, Citi is planning significant job cuts but anticipates dealmaking activity to accelerate in 2024, particularly in areas of traditional strength like healthcare and technology.