Banks beat Mag 7 as rates and dealmaking lift profits: RBC’s Gerard Cassidy - part 2/2
December 24, 2025 • 5m 34s
Gerard Cassidy (Co-Head of Global Finance Research)
00:00.270
been
hearing
about
the
disruption
in
banking
for
decades
and
the
banks
are
still
here
and
the
banks
are
according
to
the
FDIC
in
the
third
quarter
the
banks
reported
record
profitability
so
the
banks
have
been
combating
disruption
for
decades
we
expect
them
to
embrace
AI
they're
Gerard Cassidy (Co-Head of Global Finance Research)
00:17.630
using
AI
bank
america
brian
moynihan
their
chairman
and
CEO
as
a
big
believer
in
it
and
i
would
say
that
AI
artificial
intelligence
will
be
implemented
and
used
throughout
the
banking
system
to
make
it
more
efficient
and
also
potentially
to
be
able
to
allow
it
to
produce
or
grow
Gerard Cassidy (Co-Head of Global Finance Research)
00:37.230
revenues
a
little
faster
but
i
think
the
initial
thrust
for
AI
in
the
banking
industry
is
to
improve
efficiencies
and
make
the
industry
more
profitable
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