Business

Wall Street is trading higher for now

Wall Street banks’ trading desks are expected to continue delivering strong results as long as their bosses give them the opportunity.

In the first quarter, Goldman Sachs and Morgan Stanley grew trading revenues by 4% year over year. Trading revenues at Citigroup and JPMorgan Chase declined just 2% and 3%, respectively. Given some of the gloomier outlook for trading earlier this year and the difficult comparison to a very strong quarter in the same period last year, it appears that the market rebound in March had a big impact.

https://www.wsj.com/articles/wall-street-trades-up-for-now-11649956435?mod=rss_markets_main Wall Street is trading higher for now

Ari Notis

TheHiu.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@thehiu.com. The content will be deleted within 24 hours.

Related Articles

Back to top button