07-19-2020, 01:37 PM
Wall Street’s top five banks have posted their best quarter for trading in a decade after the coronavirus pandemic led to frenzied market conditions and radical interventions from central banks. JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup posted combined trading revenues of $33.4bn in the second quarter, their highest tally since the $33.7bn they made in the first quarter of 2010. The gains cushioned the blow of more than $20bn of provisions for loan losses on the banks’ income statements.
- ft 2020
But Wall Street analysts are warning of slowdown. With possible exuberance present in companies like Tesla and coronavirus far from over, especially in the United States, is investing with the crowd inflating the exuberance?
- ft 2020
But Wall Street analysts are warning of slowdown. With possible exuberance present in companies like Tesla and coronavirus far from over, especially in the United States, is investing with the crowd inflating the exuberance?