Goldman, Morgan Stanley and JPMorgan support higher ratings by separating from the package

Even on Wall Street, there are those who don’t.

Banks have just finished reporting results for the last three months of 2020, and the gap in Wall Street Big Three’s profitable trading commissions – JPMorgan Chase, Goldman Sachs and Morgan Stanley – and the rest of the world’s capital markets it was never bigger.

While the top three players accumulated earnings from stock and bond trading, which exceeded analysts’ expectations by nearly $ 1 billion combined in the quarter, which led to higher corporate profits, others performed better. little good. Bank of America’s fixed-income traders made $ 370 million less than expected, for example, and Citigroup bond traders essentially met expectations.