Continuous changes in the Trump administration’s business policies and the consequent fluctuations in the markets benefit The largest banks in Wall Street, which jointly collected about 37 billion “trading” recipes in the first quarter of the yearRegister the best performance for more than 10 years, representing the Financial Times.
JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup are the second Trump, like the previous, It proves to be completely positive for bank negotiating committees on procedures, obligations and other assets.
This stage of economic uncertainty, especially with regard to definitions, led to great fluctuations in the markets, which caused changes in the extreme situation of traders and investors.Which increased the size of negotiations on assets – and the commissions that banks receive and investment houses.
The “trading” of the stocks was the sector that has emerged in the newspapers during the first quarter, with the revenue of the five largest banks increasingSpeeding 34 % of the similar terms and reaching the values of the registry, highlighting a foot.
Regarding fixed income assets, such as obligations, trading revenues increased by about 6 % to about 21 billionThe highest level since the second third of 2020, during the Covid-19s, according to the British newspaper.
Banks with the highest commercial sections, such as JPMorgan, Goldman Sachs and Morgan Stanley, have registered the highest height in recipes. Goldman Sachs was before the stocks, as it amounted to 4.2 billion. In general, JPMorgan led “trading” revenues, with 9.7 billion, about five higher than the same year of the previous year.
Since the 2008 financial crisis that banks focus on trading in their own gifts to betting on the negotiating broker on behalf of customers. For this reason, It tends to take advantage of the periods of great fluctuations in the markets, such as the current trade war, the Covid-19 pandemic or the invasion of Russia through Ukraine.
The total committees of the JPMORGAN Investment Council, Goldman Sachs, Morgan Stanley, Bofa and Citi increased by 2 % in the first quarter In the face of the same period, for about $ 8 billion, FT says.
