JPMorgan Bosses Predict Banks’ Long Trading Slump Gone for Good

Bloomberg2021-07-07

(Bloomberg) -- Before 2020 unleashed a windfall for Wall Street traders, life in the business kept getting harder as revenue weakened. Now, as the pandemic’s flurry of activity fades, the question is ...

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Comments

Oddleo
2021-07-08
Oddleo
Light at the end of the tunnel
chongyeetan
2021-07-08
chongyeetan
pls like n comment. ?
- Oddleo:
  Ok
chialoon
2021-07-08
chialoon
I am moody, hope you can give a like T.T
Jenjorjack
2021-07-08
Jenjorjack
A big reflation tailwind with occasional turbulence expected Please like and comment thanks
- Oddleo:
  Ok
Kevin92
2021-07-08
Kevin92
Like and comment
- Holidaymood:
  Ok
- FuNman168:
  Pls like
- SK557:
  done
andrew123
2021-07-08
andrew123
Like n comment. Tks
- Kevin92:
  Like and comment

Leave a comment

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Now, as the pandemic’s flurry of activity fades, the question is ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-bosses-predict-banks-long-120000722.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JPM","symbol_name":"摩根大通","start_time":0,"source_url":"https://finance.yahoo.com/news/jpmorgan-bosses-predict-banks-long-120000722.html","article_id":"1128775379","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128775379","pubTimestamp":1625671136,"sourceInfo":{"source_id":"lsy1612507957220","name":"finance.yahoo"},"weMediaInfo":null,"summary":"(Bloomberg) -- Before 2020 unleashed a windfall for Wall Street traders, life in the business kept g","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"JPM":"摩根大通"},"translate_title":"摩根大通老板们预测银行长期的交易低迷将一去不复返了","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JPM":0.9},"content_text":"(Bloomberg) -- Before 2020 unleashed a windfall for Wall Street traders, life in the business kept getting harder as revenue weakened. Now, as the pandemic’s flurry of activity fades, the question is whether the decade-long slide will continue.\nThe answer is no, according to Daniel Pinto, who oversees JPMorgan Chase & Co.’s massive Wall Street operations.\nThe industry’s collective revenue from trading -- its “wallet” -- probably reached its nadir before Covid-19, he said in an interview. And from those depths, things are likely to improve for years to come. That is, setting aside 2020.\n“You’re going to have, over time, an increasing wallet,” said Pinto, the bank’s co-president and co-chief operating officer. Post-crisis regulations and changes in market structure, such as electronification, that squeezed margins are now mostly in place, and the system is working well, he said. “From here you would expect that as the world grows and capital markets grow, the trading businesses will grow.”\nIt might be hard for shareholders to remember that optimism in coming months as global banks face tough comparisons with 2020’s bonanza. JPMorgan and Goldman Sachs Group Inc. are set to kick off second-quarter earnings announcements next week. Already, JPMorgan Chief Executive Officer Jamie Dimon signaled a potential 38% decline from a year earlier, as he and executives from Morgan Stanley and Citigroup Inc. sought to temper expectations in recent weeks.\nFor much of a decade after the financial crisis, total wallet for the 12 largest trading firms fell again and again. 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The wallet from China will likely swell, but it’s unclear what share of the additional business will go to foreign firms. They will see some, at least, he said.\nBroadly, companies such as JPMorgan with the most scale and ability to invest in technology will have an advantage, though smaller firms will benefit too, he said.\nDoes that mean that fewer traders will be around to participate in the upswing?\n“What you do will evolve,” Rohrbaugh said. “There are certainly some roles that will go away as you gain productivity. As more traditional jobs disappear, there are new jobs that pop up.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":149346445,"gmtCreate":1625706779187,"gmtModify":1703746748341,"author":{"id":"3582365143818595","authorId":"3582365143818595","authorIdStr":"3582365143818595","name":"Oddleo","avatar":"https://static.tigerbbs.com/569e40b38ccc6665e8895b488137078c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582365143818595"},"htmlText":"Light at the end of the tunnel","listText":"Light at the end of the tunnel","text":"Light at the end of the tunnel","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149346445","repostId":1128775379,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":149973672,"gmtCreate":1625703223596,"gmtModify":1703746616218,"author":{"id":"3573519539005968","authorId":"3573519539005968","authorIdStr":"3573519539005968","name":"chongyeetan","avatar":"https://static.tigerbbs.com/58f6eb6730af7768ad82093944f2351a","vip":1,"hat":"https://static.tigerbbs.com/6444b4970948c1077534c593eccd6d16","crmLevel":6,"crmLevelSwitch":1,"idStr":"3573519539005968"},"htmlText":"pls like n comment. ?","listText":"pls like n comment. ?","text":"pls like n comment. ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/149973672","repostId":1128775379,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5155448,"gmtCreate":1625706759954,"gmtModify":1663230676774,"authorId":3582365143818595,"author":{"id":3582365143818595,"authorId":3582365143818595,"name":"Oddleo","avatar":"https://static.tigerbbs.com/569e40b38ccc6665e8895b488137078c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":149973672,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":149946048,"gmtCreate":1625702906384,"gmtModify":1703746605588,"author":{"id":"3582061231939510","authorId":"3582061231939510","authorIdStr":"3582061231939510","name":"chialoon","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582061231939510"},"htmlText":"I am moody, hope you can give a like T.T","listText":"I am moody, hope you can give a like T.T","text":"I am moody, hope you can give a like T.T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149946048","repostId":1128775379,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":149962437,"gmtCreate":1625701821729,"gmtModify":1703746565618,"author":{"id":"3554873215379647","authorId":"3554873215379647","authorIdStr":"3554873215379647","name":"Jenjorjack","avatar":"https://static.tigerbbs.com/d9d4687aa5519f0d2fb1b18f916be861","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"idStr":"3554873215379647"},"htmlText":"A big reflation tailwind with occasional turbulence expected Please like and comment thanks","listText":"A big reflation tailwind with occasional turbulence expected Please like and comment thanks","text":"A big reflation tailwind with occasional turbulence expected Please like and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/149962437","repostId":1128775379,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5155446,"gmtCreate":1625706748851,"gmtModify":1663230677535,"authorId":3582365143818595,"author":{"id":3582365143818595,"authorId":3582365143818595,"name":"Oddleo","avatar":"https://static.tigerbbs.com/569e40b38ccc6665e8895b488137078c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":149962437,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":149961957,"gmtCreate":1625701709879,"gmtModify":1703746559355,"author":{"id":"3576274545052910","authorId":"3576274545052910","authorIdStr":"3576274545052910","name":"Kevin92","avatar":"https://static.tigerbbs.com/c5ff4addbbdb8d9d15fec29f9709b0c3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576274545052910"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and 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like","text":"Pls like","html":"Pls like"},{"id":5154238,"gmtCreate":1625702010980,"gmtModify":1663230674629,"authorId":4088061668927080,"author":{"id":4088061668927080,"authorId":4088061668927080,"name":"SK557","avatar":"https://static.tigerbbs.com/9533333db8edf66da14d8fd97301fdd9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":149961957,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"}],"langContent":"EN"},{"id":149985953,"gmtCreate":1625701460272,"gmtModify":1703746550961,"author":{"id":"3576260758860416","authorId":"3576260758860416","authorIdStr":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":4,"crmLevelSwitch":0,"idStr":"3576260758860416"},"htmlText":"Like n comment. Tks","listText":"Like n comment. Tks","text":"Like n comment. 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