The result is a coming quandary. Banks have more mouths to feed out of what��s fast becoming a smaller trough. In 2019, a great year for sales, trading and deal-broking, Goldman, Morgan Stanley, JPMorgan, Bank of America and Citi collectively earned $107 billion of revenue. In the four quarters to the end of June the same quintet collectively brought in $156 billion, based on data from their public filings. The correction in markets so far this year suggests the top line may head back to where it was before.
Positive
Positive
Morgan Stanley
Positive
Positive
Goldman
Positive
Positive
Citi
Positive
Positive
Bank of America
Positive
Positive
JPMorgan