A return of market volatility appeared to give Goldman's traders an edge, with the department posting its highest
equities trading revenue in three years.
Fixed income, currency, and commodities trading revenue came in at $ 1.96 billion for the quarter ($ 2.12 billion expected), while
equities trading revenue was $ 948 million ($ 943.7 million expected).
Revenue from fixed - income trading surged about 29 %, while
equity trading revenue rose about 7 %, boosted by volatility around the Fed's interest rate hikes.
Morgan Stanley's
equity trading revenue increased to $ 2.6 billion in the period, up 30 percent from a year ago.
Not exact matches
«Higher than expected
revenues in FICC, I&L (
equity gains) and Investment Management (incentive fees) more than offset lower than anticipated
revenues in
equity trading and investment banking (DCM better than expected, M&A and ECM worse),» Barclays analyst Jason M. Goldberg said in a note.
Equity sales and
trading revenue beat expectations at $ 2.0 billion ($ 1.84 billion expected).
Revenue from
equities trading was unchanged.
JPMorgan generated around $ 21 billion in fixed income and
equity sales and
trading revenues in 2016.
Revenue from Citigroup's fixed - income
trading business fell 7 percent to $ 3.4 billion in the first quarter, but that was offset by a 38 percent hike in
equity trading sales.
Investment management generated $ 5.8 billion in
revenues over the year, putting it narrowly behind Goldman Sachs» famed investment banking division and the firm's
equities sales and
trading business in terms of
revenue contribution.
Citigroup said the sharp rise in stock
trading revenue was a byproduct of increased market volatility in
equity markets.
Equities revenue, which includes executing stock
trades and buying and selling derivatives related to stocks, is slumping across Wall Street.
Morgan Stanley posted first - quarter earnings and
revenue on Wednesday that beat analyst expectations on strong results in
equity trading.
Revenue from
equities trading as well as advising on mergers, IPOs and debt issuance helped fuel gains at the investment bank, with UBS saying the results would have been even stronger excluding currency effects.
The bank posted record
revenues from
equity sales and
trading of $ 2 billion, which was up 25 % compared to a year ago.
In 2015 rising demand for Morgan Stanley's prime brokerage service drove an 18 % increase in
equity sales and
trading net
revenues, to $ 8.2 billion, compared with 2014.
Revenue from
equities trading fell 17 percent.
Trading revenue climbed to $ 325.4 m as fixed income and
equities surged from a year earlier, according to Jefferies, which is owned by Leucadia National.
A Score for each value stock is then assigned based on six historical variables: market cap, stock liquidity (i.e., annual
trading volume / shares), asset turnover (i.e., assets /
revenues), total debt to
equity, cash to assets and year - over-year EBIT annual growth rate, one variable at a time.
These stocks were then sorted by the following historical financial metrics (using the most recently reported financials): market cap, annual
trading volume to shares outstanding, assets to
revenues, total debt to
equity, cash to assets and year - over-year EBIT annual growth rate, one financial metric at a time.
Trading activity improved on both an annual and month - over-month basis for Interactive Brokers across several important categories such as Daily Average
Revenue Trades (DARTs), customer
equity, margin loan balances and new accounts.
Canadian investment banks should seek to expand their foreign
equity underwriting and
trading capacities to compensate for the reduction in their Canadian
revenues.
Reduced demand for Canadian
equities from Canadian investors will mean lower
equity underwriting and
trading revenues for Canadian investment dealers because it is unlikely to be replaced by increased foreign
equity trading and underwriting by Canadian dealers.
All value stocks are then ranked based on six historical (and available at the time) criteria: market cap, stock liquidity (i.e.,
trading volume / shares), asset turnover (i.e., assets /
revenues), total debt to
equity, cash to assets and year - over-year EBIT annual growth rate, one variable at a time.
Shares of publicly
traded apartment owners have tumbled since
Equity Residential cut its expectations for
revenue growth for the second time this year, saying rates in Manhattan and San Francisco aren't meeting its projections.