Bank Stocks Up On Trading Revenues Rebound In Q1

With the S&P 500 rising just around 2% year to date, major banks, including JPMorgan JPM, Bank of America BAC, Morgan Stanley MS and Goldman Sachs GS, have witnessed significant price performance. Shares of JPMorgan, BofA, Morgan Stanley and Goldman have spiked 7.3%, 9%, 8.4% and 4.2%, respectively, year to date. However, shares of Citigroup C declined slightly.

Notably, low client activities and less volatility across capital markets, which resulted in weak trading revenues for banks in 2017, are expected to rebound this year. Rising volatility at the very beginning of 2018 is expected to break the trading revenues slump.

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