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jpmorgan and goldman sachs benefit from market volatility amid political uncertainty
JPMorgan Chase is set to increase its equities trading revenue by over 30% this quarter, potentially surpassing its $3.3 billion record from four years ago. This surge contrasts with challenges faced by hedge funds and dealmakers due to market volatility triggered by President Trump's policy announcements, which have created uncertainty in merger activities and consumer confidence. The evolution of equities desks since the 2008 financial crisis has shifted their earnings focus from risk-taking to facilitating client trading amid price fluctuations.
JPMorgan leads surge in equities trading revenue amid market volatility
JPMorgan Chase & Co. is set to achieve a 30% increase in equities trading revenue this quarter, potentially surpassing its previous record of $3.3 billion. This surge contrasts sharply with the struggles of multistrategy hedge funds like Citadel and Millennium Management, which faced losses amid market volatility. While investment banks thrive, concerns linger over market uncertainty due to abrupt tariff announcements.
jpmorgan sees surge in equities trading revenue amid market volatility
JPMorgan Chase & Co. is poised to increase its equities trading revenue by over 30% this quarter, potentially surpassing its $3.3 billion record from four years ago, driven by market volatility from President Trump's policy shifts. This trend may also benefit Goldman Sachs and Morgan Stanley, while hedge funds like Citadel and Millennium Management face losses amid the uncertainty affecting deal-making and consumer confidence. The evolution of equities desks since the 2008 financial crisis has shifted their earnings focus from risk-taking to facilitating client trading in response to market fluctuations.
investment banking culture faces scrutiny as humor crosses professional boundaries
JPMorgan has appointed Keith Heller, a former Citi executive, as Managing Director in its financial sponsors team. Meanwhile, BNP Paribas director Benedict Foster has been fined for inappropriate nicknaming of colleagues, highlighting ongoing sensitivities around workplace conduct. In the hedge fund sector, Millennium Management is considering equity stakes for top employees to align incentives as it moves towards institutionalization.
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