ME News reports that on October 9 (UTC+8), Wall Street’s largest banks are expected to disclose combined stock trading revenues of nearly $19 billion for the third quarter when they release their earnings next week. However, as market activity begins to cool, performance gaps among banks are emerging, with some institutions clearly outperforming their peers—a stark contrast to the first half of this year, when nearly all five major U.S. banks benefited from a trading boom, with both equity and fixed-income divisions remaining highly active. According to analyst estimates compiled as of the close of trading in New York on Thursday, Goldman Sachs, which reports earnings next Tuesday, is projected to lead the major banks with $5.1 billion in third-quarter stock trading revenue. Morgan Stanley is expected to follow closely with $4.9 billion; JPMorgan Chase is forecast at $4.5 billion; and Bank of America’s equity trading division is projected to generate $2.6 billion in revenue. (Source: ODAILY)
Wall Street’s Top 5 Banks Expected to Report $19 Billion in Q3 Stock Trading Revenue
KuCoinFlashShare
Summary
Wall Street’s leading banks are set to report $19 billion in Q3 trading activity next week. Goldman Sachs leads with $5.1 billion, followed by Morgan Stanley at $4.9 billion and JPMorgan at $4.5 billion. Bank of America trails with $2.6 billion. As trading volume slows, the gap between banks widens, reversing the early-year trend where all five experienced strong gains.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.