Wall Street's giants raise the bar in investment banking

Q2 revenues from traditional advisory and underwriting at Goldman Sachs and JP Morgan were almost identical - with both at multi-year highs

The advisory and underwriting businesses at Wall Street giants Goldman Sachs and JP Morgan have reported multi-year highs in revenues, with these gains helping offset lower-than-expected declines in fixed income trading.

The two banks this morning reported second-quarter results and it was the the traditional investment banking businesses - comprising equity and debt underwriting and mergers and acquisitions advice - that were the standout performers.

WSJ Logo
U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to TrumpExternal link

U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to Trump