Third-quarter results of top five market sensitive banks / brokers reveal all of them, except Goldman Sachs Group Inc (NYSE:GS), gained from strong equity trading.
Matt O’Connor and David Ho of Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB) predict the banks / brokers may continue to benefit from equity trading in the fourth quarter as well.
Weak market share revenue from FICC
Analyzing the third quarter results of five market-sensitive banks and brokers such as Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C), Goldman Sachs Group Inc (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM) and Morgan Stanley, Deutsche analysts observe FICC is weak across the board, declining over 26% in the third quarter on average compared...
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