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| Brief Excerpt: | ...Capital markets results at the five major U.S. banks rose 23% in 1Q20, the strongest growth in nearly a decade, on the back of greater trading levels and debt issuance amid the coronavirus pandemic. Capital markets businesses were the banks' 1Q20 earnings bright spot evident in this dashboard -- Bank of America (BAC), Citigroup, Inc. (C), Goldman Sachs Group, Inc. (GS), JPMorgan Chase & Co. (JPM) and Morgan Stanley (MS) -- as plummeting economic activity threatened traditional business lines. This resulted in capital markets businesses contributing a greater share of total group revenues than in recent quarters. Trading Revenues Surge on Volatility and Heightened Activity: Overall trading revenues swelled 30% in 1Q20 as the coronavirus crisis brought a material correction in equity markets, significantly wider spreads, and a spike in volatility. FICC results rose 31% on strong client activity in rates and currencies as many firms notched records. For example, GS had its strongest FICC trading... |
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| Report Type: | |
| Company(ies) | Merrill Lynch & Co/USA
, JPMorgan Chase & Co
, Bank of America NA
, The Goldman Sachs Group, Inc.
, Nationsbank Corp/Jacksonville
, FleetBoston Financial Corporation
, Morgan Stanley
, Countrywide Home Loans, Inc.
, Citigroup Inc.
, Merrill Lynch S.A.
, Countrywide Financial Corporation
, BofA Canada Bank
, Merrill Lynch, Pierce, Fenner & Smith Incorporated
, BAC Canada Finance Company
, Merrill Lynch Mexico SA de CV Casa de Bolsa
, Julius Baer Capital (India) Pvt Ltd
, BAC Capital Trust XIII
, BAC Capital Trust XIV
, Bank of America California, National Association
, BAC Capital Trust XV |
| Issuer | Merrill Lynch Mexico, S.A. de C.V., Casa de Bolsa |
| Format: | | PDF |  |
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