finance
Investment bank fees rose sharply in second quarter
Investment banking fees increased across major banks during the April-to-June period. Equity trading revenue posted even larger gains at several firms amid elevated market volatility.
Jul 16, 10:00 AM·1m read1 source
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Investment banking fees rose across multiple banks in the second quarter. Goldman posted a 55 percent increase, JP Morgan a 30 percent increase, and Bank of America a 50 percent increase. Equity trading desks recorded larger gains.
Goldman equities revenue rose 72 percent, JP Morgan equities revenue rose 86 percent, and Morgan Stanley equities revenue rose 69 percent. The period's market volatility produced conditions that trading operations are designed to benefit from.
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