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Wall Street’s celebrating a boom in equity trading (JPM, C)





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  • JPMorgan and Citigroup both announced first quarter earnings on Friday, with both beating solidly.
  • Both had bumper first quarters in equity trading, with JPMorgan posting a record quarter for the business.

Wall Street’s celebrating a bumper quarter in equity trading.

JPMorgan and Citigroup both announced first quarter earnings on Friday, with both beating solidly. Both banks also posted gains in market revenues, with JPMorgan’s markets revenues up 7% on an underlying basis, and Citigroup’s total markets and securities securities revenues up 3%.

Those gains were driven by equities revenues, with JPMorgan posting record equities revenues of $2 read more >>>

Source:: BusinessInsider.Com

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