The Bull Charging statue is seen in the financial district as snowfall in New York City, USA, on December 16, 2020.
Tayfun Coskun | Anadolu Agency | Getty Images
Even on Wall Street, there are people who don’t.
Banks have just reported on the results of the last three months of 2020 and the gap in lucrative trading commissions earned on the three big Wall Street (JPMorgan Chase, Goldman Sachs and Morgan Stanley) and other global market players capital has never been greater.
While the top three players accumulated revenue from stock markets and stock exchanges that exceeded analysts ’expectations by nearly $ 1 billion combined during the quarter, which generated better profits for companies, while others came out less well. Bank of America’s fixed-income traders produced $ 370 million less than expected revenue, for example, and Citigroup bond traders essentially matched expectations.