Wall Street banks $ 37 billion from the Trump trade boom

Stay in view of the free updates

Simply subscribe to American banks Myft Digest – it is delivered directly to your inbox.

The largest banks in Wall Street have achieved approximately $ 37 billion in commercial revenues in the first quarter of the year-their best performance for more than a decade-where the Donald Trump administration launched a barrage of ads that transport the market.

The joint performance by JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup are a return in favor of the work that until 2020 was a shadow of the pre -financial form.

Trump’s second term as an American president has entered a period of economic and political uncertainty, especially about definitions, which led to the reinforcements of the land stock market and created opportunities for merchants to exploit market movements.

Stock trading was a prominent performer Banks In the first quarter, with revenue increased across the five companies, about $ 16 billion, an increase of 34 percent from the previous year. All banks have reported record revenues from stock trading.

The total revenue from fixed income trading increased by 6 percent to about $ 21 billion, which is the highest level since the Covid-19 web-19 in the second quarter of 2020.

On Tuesday, Citigroup was an increase of 20 percent in profits in the first quarter to $ 4.1 billion, supported by the performance of its business. Bank of America has reported 7.4 billion dollars, an increase of 11 percent.

However, the banks reported smaller increases from trading from JPMorgan, Goldman Sachs and Morgan Stanley, which has larger businesses.

Goldman Sachs kept the stock trading crown, achieving $ 4.2 billion of revenues from work. But Morgan Stanley’s gains of 45 percent surpassed Goldman Sachs, where she got it around $ 70 million from her opponent. Bofa and Citi have published increases less than 20 percent, the lowest group. JPMorgan provides total trading revenues of $ 9.7 billion, an increase of about five from the previous year.

The commercial companies of banks had to develop since the 2008 financial crisis. They are now focusing much less on the so -called royal trading, as they eat bets with their own capital, and more on facilitating trading and financing for customers.

Merchants of large American banks have benefited from fluctuations, starting from the outbreak of the Covid-19. The rapid interest rate rises in 2022 and feverish trade around geopolitical events, such as the full invasion of Russia for Ukraine, may raise revenues.

The last market fluctuated was a double -edged sword Lol Street. It led to the restriction of investment banking activity, as it was important that “animal spirits” would be released and this will eventually lead to fruits.

The total banking fees for investment in JPMorgan, Goldman Sachs, Morgan Stanley, Bofa and Citi increased by 2 percent in the first quarter of last year to about 8 billion dollars, but the timing of fees payment means that many of those related to the deals announced months ago.

In profit calls, bank executive officials warned that the increasing uncertainty about Trump’s commercial tariff risk keeping buyers and company sellers on the margin.