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This was primarily based on revenue growth, which registered a heady 30% rise, allowing the bank to distribute its highest full-year dividend since 2008. The group’s marketcapitalization in 2023 was at a 17-year high, valuing the enterprise at around the same level in dollar terms as Goldman Sachs. billion in 2022.
The regional phone companies continued to behave like the old Ma Bell, investing little in new technologies, and continuing with the high debt and high dividend policies of the original. trillion on October 16, 2024, accounting for 23.16% of the increase in marketcapitalization across all US equities over that period.
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