Wall Street banks reap $37bn from Trump trading boom

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In the first quarter of the year, the largest banks in the first quarter of the year have been committed, their best performance in more than a decade, as the Donald Trump administration unleashes the barrier to market-moving statements.

The combined performance of JPMorgan Chase, Morgan Sachs, Morgan Stanley, Morgan Stanley and Citigroup and Citigroup returns for business, which was a shadow of its pre-election crisis.

The second term of Trump, like the US President, has shown opportunities for economic and policy uncertainty, which has led to the possibilities of creating the relocations of the wild stock exchange.

Stock trade was the standard performer bank In the first quarter, the revenues of five companies reach about $ 16 billion, earlier a year ago, 34 percent increased. All banks say they receive protocols for joint stock trade.

The total income of fixed income was 6%, about $ 21 billion, the highest, from the height of the 19th Soviet epidemic in the second quarter of 2020.

On Tuesday, Citigroup reported a 20 percent increase in the first quarter for $ 4.1 billion, stimulated by its trading business. The Bank of America reports a net profit of $ 7.4 billion, increased by 11%.

However, both banks report trading less than JPMorgan, Goldman Sachs and Morgan Stanley, which have a larger trading business.

Goldman Sachs has retained the stock’s crown of $ 4.2 billion in business income. But 45% of Morgan Stanley exceeds Goldman Sachs, taking it for $ 70 million in his opponent. BOFA and CITI were posted less than 20 percent, the lowest in the group. JPMorgan gave a total of a total of $ 9.7 billion, compared to the previous year.

Banking trading businesses should be developed since the 2008 financial crisis. Now they focus much more on the so-called property trading, where they bet on their capital and more about customers make transactions and financing.

The traders in large US banks have benefited from rivals of instability, starting with the 19th Sovim epidemic. In 2022, the rapid interest rate increased in 2022 and around tempting events, such as Russia’s full invasion of Russia, has also increased.

Recently, market instability has been a two-way sword for Wall Street. It restrains investment banking, hopes that “animal spirits” will unleash the demand for merger and achievements finally.

Total investment bank payments in JPMorgan Sachs, Morgan Stanley, BofA and CITI increased a year ago, up to $ 8 billion a year ago, but many of them refer to transactions.

According to earnings, the bank’s leaders have warned that the high uncertainty over Trump’s trade tariffs risk buyers and companies sellers.