Investment Banks Beat Quarterly Expectations
- 6 years ago
According to Reuters, Wall Street's top investment banks posted better quarterly earnings than expected.
Morgan Stanley led banks on Wall Street for investment banking and trading businesses, but Goldman Sachs took the lead for equity trading and underwriting revenue.
Since both banks don't have consumer lending units, like Citigroup, and JPMorgan Chase, their profits rely heavily on their trading desks.
Morgan Stanley led banks on Wall Street for investment banking and trading businesses, but Goldman Sachs took the lead for equity trading and underwriting revenue.
Since both banks don't have consumer lending units, like Citigroup, and JPMorgan Chase, their profits rely heavily on their trading desks.