13 APR

Wall Street’s celebrating a boom in equity trading (JPM, C)

terry crewsREUTERS/Brendan McDermid

  • JPMorgan and Citigroup both announced first quarter earnings on Friday, with both beating solidly.
  • Both had bumper first quarters in equity trading, with JPMorgan posting a record quarter for the business.

Wall Street’s celebrating a bumper quarter in equity trading. 

JPMorgan and Citigroup both announced first quarter earnings on Friday, with both beating solidly. Both banks also posted gains in market revenues, with JPMorgan’s markets revenues up 7% on an underlying basis, and Citigroup’s total markets and securities securities revenues up 3%.

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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