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Banks beat Mag 7 as rates and dealmaking lift profits: RBC’s Gerard Cassidy

DeFi Daily News by DeFi Daily News
December 24, 2025
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Banks beat Mag 7 as rates and dealmaking lift profits: RBC’s Gerard Cassidy
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Gerard Cassidy, Managing Director and Co-Head of Global Finance Research at RBC Capital Markets, says financials are rallying on rate-cut hopes, deregulation, stronger capital markets, and potential loan growth acceleration.

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Tags: banksBeatbreaking newsbusiness newsCablecable newsCassidycnbcDealmakingfinance newsfinance stockfinancial newsGerardliftMagMoneymoney tipsnews channelnews stationProfitsratesRBCsStock marketStock market newsstocksus newsworld newsWorldwide Exchange
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