News Formal

Breakingviews - Investment bankers wait for the axe to fall

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

JPMorgan and Morgan Stanley reported big drops in their dealmaking revenue. Fees halved, year-on-year, and the trading boost that offset them isn’t reliable. Banks aren’t yet talking about lay-offs, but such painful trade-offs look inevitable. johnsfoley

, where the run-rate of $6.6 billion in annual investment banking revenue pales next to 2019’s $7.6 billion.

So far, the slump has been more than offset by lively markets. Revenue from flipping stocks and bonds rose 15% at JPMorgan in the second quarter, year-on-year, and over 20% at Morgan Stanley, towering over shrunken deal fees. Trading and investment banking sit in the same divisions at both firms. But revenue derived from shifting securities is likely to go back roughly to where it was, especially as volatility in the bond market subsides.

Banks may be kind even if things don’t improve. With other parts of the business doing well, there’s still enough to go around. JPMorgan raised its estimate of how much it will make in interest on its lending activities on Thursday. Morgan Stanley has a wealth business that’s still generating a healthy profit. But it’s unlikely those divisions will want to subsidize dealmaking colleagues for long, despite the rainmakers’ efforts in happier times.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 470. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Morgan Stanley Misses Analysts' Profit Expectations on Worse-Than-Expected Investment BankingWall Street banks are grappling with the collapse in IPOs and debt and equity issuance this year.
ソース: nbcsandiego - 🏆 524. / 51 続きを読む »

Morgan Stanley falls short of earnings estimates, shares dropMorgan Stanley undefined shares fell 1.8% in premarket trades Thursday after the bank said its second-quarter net income fell to $2.5 billion or $1.39 a...
ソース: MarketWatch - 🏆 3. / 97 続きを読む »