Reported about 1 month ago
Wall Street's trading desks are poised for a busy period following the chaotic 2024 election, which could enhance an already record-breaking year for trading revenue. Major banks like JPMorgan Chase and Goldman Sachs saw combined trading revenues of approximately $89 billion in the first three quarters of 2024, marking a 5.5% increase from the previous year. Analysts predict elevated trading volumes post-election due to market volatility, with some traders already positioning themselves in anticipation of a potential Donald Trump victory. Despite the risks of uncertainty, this volatility is generally seen as beneficial for trading activities.
Source: YAHOO