According to foreign media reports, Wall Street's largest banks are expected to disclose a total stock trading revenue of close to 19 billion US dollars for the third quarter when they release their earnings reports next week. However, as capital market activity begins to cool down, performance gaps between banks are gradually becoming apparent, and the performance of some banks is beginning to clearly outperform their competitors. This is in stark contrast to the situation in the first half of this year. At the time, almost all five major banks in the US benefited from the boom in trading, and the stock and fixed income trading departments remained busy. Analysts compiled by the close of the New York market on Thursday forecast that Goldman Sachs Group, which will release financial reports next Tuesday, is expected to rank first among major banks with third-quarter stock trading revenue of 5.1 billion US dollars. Morgan Stanley is expected to follow, with stock trading revenue of $4.9 billion; J.P. Morgan Chase is expected to reach $4.5 billion; and Bank of America's stock trading division is expected to generate revenue of $2.6 billion.

Zhitongcaijing · 1d ago
According to foreign media reports, Wall Street's largest banks are expected to disclose a total stock trading revenue of close to 19 billion US dollars for the third quarter when they release their earnings reports next week. However, as capital market activity begins to cool down, performance gaps between banks are gradually becoming apparent, and the performance of some banks is beginning to clearly outperform their competitors. This is in stark contrast to the situation in the first half of this year. At the time, almost all five major banks in the US benefited from the boom in trading, and the stock and fixed income trading departments remained busy. Analysts compiled by the close of the New York market on Thursday forecast that Goldman Sachs Group, which will release financial reports next Tuesday, is expected to rank first among major banks with third-quarter stock trading revenue of 5.1 billion US dollars. Morgan Stanley is expected to follow, with stock trading revenue of $4.9 billion; J.P. Morgan Chase is expected to reach $4.5 billion; and Bank of America's stock trading division is expected to generate revenue of $2.6 billion.