MM120: J.P. Morgan, Citi, Wells Fargo & BlackRock earnings explained!
Market Maker
00:00
The Importance of Trade Volumes in the Markets
Market revenues are down 10% year on year, fixed income market revenues are down 3%, equity market revenues down 20%. There's some kind of tricky year on year comps here, because obviously if you go back to the first part of 2022, this is where we had some big, big volumes as markets were coming off. And so there's been a lot less trade volumes, which equals a lot less revenues for these trading floors. So it's just that it makes it look more difficult.
Play episode from 13:36
Transcript
