Wall Street Revival Solidifies After Q3 Reports From Bank of America, Citigroup And Goldman Sachs
Wall Street Revival Solidifies After Q3 Reports From Bank of America, Citigroup And Goldman Sachs
Wealth management's net new assets grew 79% YoY and 76% compared to the previous quarter to $64 billion with revenues rising 13.5% YoY to $7.3 billion.Bank of America Corporation (NYSE:BAC), Citigroup Inc (NYSE:C) and The Goldman Sachs Group Inc (NYSE:GS) were the latest to report better than expected quarterly earnings, beating gloomy forecasts, just like their banking peers Wells Fargo & Company (NYSE:WFC) and JPMorgan Chase & Co (NYSE:JPM) did last Friday.
美國銀行股份有限公司（NYSE:BAC）、花旗集團股份有限公司（NYSE:C）和高盛集團（NYSE:GS）是最新的公司報告超出預期的季度收益，擊敗了令人沮喪的預測，就像它們的銀行同行富國銀行及摩根大通公司上週五所做的那樣。
Morgan Stanley solidifies dealmaking revival with a surge in investment banking.
摩根士丹利通過投資銀行業務的飆升鞏固了交易復甦。
Net revenue grew 16% to $15.4 billion. Fixed income and equities trading revenue grew 13% to $5 billion. Revenue from investment banking fees surged as much as 56% YoY to almost $1.4 billion, as Morgan Stanley made the largest leap among big banks with JPMorgan Chase, Wells Fargo, Goldman Sachs, Bank of America and Citigroup also recording a rise in revenue both from equities and investment banking fees.
淨收入增長16%至154億美元。固定收入和股權交易收入增長13%至50億美元。來自投資銀行費用的收入同比增長高達56%，接近14億美元，摩根士丹利在大銀行中取得了最大的飛躍，而摩根大通、富國銀行、高盛、美國銀行和花旗集團的收入也分別從股權和投資銀行費用中增長。
Wealth management's net new assets grew 79% YoY and 76% compared to the previous quarter to $64 billion with revenues rising 13.5% YoY to $7.3 billion.
财富管理的淨兩資產同比增長了79%，與上一季度相比增長了76%，達到640億美元，營業收入同比增長了13.5%，達到73億美元。
With investment banking having picked up, along with an increase in trading, net profit went up by 32% YoY to $3.2 billion.
隨着投資銀行業務的復甦，以及交易增加，淨利潤同比增長32%，達到32億美元。
Citigroup's profit has been hit by credit losses but earnings topped estimates.
花旗集團的利潤受到信貸損失的影響，但收益超過了預期。
Citigroup reported strong third quarter results fueled by the same trend reported by Morgan Stanley: growth in investment banking and wealth management. However, Morgan Stanley has also set more money aside to offset potential loan losses. During the third quarter, Citigroup reported revenue grew merely 1% YoY to $20.32 billion, but still surpassing LSEG's estimate of $19.84 billion. Banking revenue surged 18% with investment banking rising 31%, while wealth revenue grew 9%. Equity markets revenue grew 32%, but fixed income revenue dipped 6%. Determined to do its transformation right, Citigroup drove expenses down 2% YoY as it remains on track to achieve its full year expense target range between $53.5 billion and $53.8 billion, excluding some regulatory costs.
花旗集團報告強勁的第三季度業績，受到摩根士丹利報告的同一趨勢的推動：投資銀行和财富管理業務增長。然而，摩根士丹利也撥備更多資金以抵消潛在的貸款損失。在第三季度，花旗集團報告的營業收入僅同比增長1%，達到203.2億美元，但仍超過了倫交所的估值198.4億美元。銀行營收激增18%，投資銀行增長31%，而財富業務營收增長9%。股票市場營收增長32%，但固收營收下降6%。爲了正確進行轉型，花旗集團成功將費用同比降低2%，在保持達到全年費用目標範圍在535億美元至538億美元之間的進程中，不包括一些監管成本。
Earnings per share of $1.51 surpassed LSEG's consensus estimate of $1.31 but net income fell to $3.2 billion due to a higher cost of credit.
每股收益爲1.51美元，超過了倫交所的共識預期1.31美元，但由於信貸成本較高，淨利潤下降至32億美元。
Goldman Sachs sees profits leap with a steady economy.
高盛因經濟穩定而利潤大幅增長。
Goldman Sachs topped both revenue and profit estimates with its third quarter results. It reported third quarter revenue rose 7% to $12.70 billion, surpassing LSEG's estimate of $11.8 billion, while profit surged 45% YoY to $2.99 billion, or $8.40 per share, also topping LSEG's consensus estimate of $6.89 per share. Investment banking revenue went up 20% to $1.87 billion, followed by equities trading posted revenue grew 18% to $3.5 billion, the asset and wealth management division reported a 16% rise as revenue grew to $3.75 billion. On the other hand, fixed income trading revenue went down 12% YoY to $2.96 billion.
高盛在第三季度業績表現優異，營收和淨利潤雙雙超過預期。第三季度營收增長7%至127億美元，超過倫交所集團預估的118億美元，而淨利潤同比激增45%，達到29.9億美元，每股盈利8.40美元，也超過倫交所集團的市場共識預期 6.89美元每股。投行業務營收增長20%至18.7億美元，股票交易業務收入增長18%至35億美元，資產和财富管理部門報告營收增長16%，達到37.5億美元。與此同時，固收交易業務收入同比下降12%，至29.6億美元。
Bank of America, Morgan Stanley and Citigroup continued last week's trend that got kicked off by reports from JPMorgan Chase and Wells Fargo, as big banks reported a strong third quarter in a constructive and undoubtedly improved macroenvironment.
美國銀行、摩根士丹利和花旗集團延續了上週由摩根大通和富國銀行報告帶動的趨勢，大型銀行報告了在有利且無疑改善的宏觀環境下強勁的第三季度。
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
免責聲明：本內容僅供參考，不構成任何投資建議。
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.
本文來自非報酬的外部投稿人。它不代表Benzinga的報道，並且沒有因爲內容或準確性而被編輯。
譯文內容由第三人軟體翻譯。
