JP Morgan had sharpest trading edge of top dealers in Q1
G-Sibs racked up 295 profit-making days in first quarter
Wild markets helped Wall Street firms rack up their highest quarterly tally of profit-making trading days since Q1 2019. JP Morgan led the pack with 44 winning trading days, its fourth-highest quarterly total in five years.
The eight US global systemically important banks (G-Sibs) together reported 295 winning days over Q1, around 37 on average. This compares with 231 profit-making days in Q4 2019.
Top dealers Bank of America, Citi, Goldman Sachs and Morgan Stanley had 39, 38, 28 and 35
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