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20

Wall Street’s Top Stock, Bond Traders Just Got Harder to Catch

By Tony Seruga

JPMorgan takes in almost a third of every fixed-income dollar
Morgan Stanley widens lead in equities over Goldman Sachs

Wall Street’s top stock and bond traders are putting more distance between themselves and their closest competitors.

JPMorgan Chase & Co. generated $3.96 billion in fixed-income trading revenue in the second quarter, accounting for almost one of every three dollars generated by the five biggest U.S. banks for the period. Morgan Stanley, No. 1 in equity trading, posted $2.15 billion in revenue from that business Wednesday, beating analysts’ estimates and opening its largest lead since wresting the title from Goldman Sachs Group Inc. a year ago…

Wall Street’s Top Stock, Bond Traders Just Got Harder to Catch

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