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Trading revenues should lift Q1 results at banks

Published 04/04/2018, 10:23 AM
© Reuters.  Trading revenues should lift Q1 results at banks
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  • Thanks to the big pickup in volatility late in Q1, Wall Street’s trading desks are about to report one of their best quarter in years.
  • Revenue growth projections range in the 5%-10% area, with equity desks seen reporting the best performance, and fixed income, currencies and commodities desks to show more muted gains.
  • The trading business has shown lackluster performance lately as regulation and low volatility have been barriers to growth. Trading revenues at the five biggest Wall Street banks was about $70B in 2017, down from nearly $100B in 2009.
  • Related Tickers: JPMorgan (NYSE:JPM), Citibank (NYSE:C), Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS), Goldman Sachs (NYSE:GS).
  • Now read: Credit Suisse (SIX:CSGN) Group AG (CS) Presents At Morgan Stanley European Financials Conference 2018 - Slideshow


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