April 17, 2024 09:58 GMT
Markets Takeaways From US Bank Earnings:
EQUITIES
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- Goldman Sachs: Global banking and markets driven by strong IB fees, FICC and equities
- Bank of America: FICC revenue down 6%, driven by weaker trading in macro products, partially offset by improved mortgages
- Wells Fargo: Markets revenue up 2%, driven by structured products, credit products and FX, while rates and commodities were lower.
- JP Morgan: Fixed income markets down 7% Y/Y on lower activity in rates and commodities
- Citigroup: Fixed income decline driven by rates & currencies, reflecting lower volatility
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