Jump that that 49 increase is the biggest jump. On top of that, one point 4 billion worth of gains. That is more than double what you saw one year ago. On top of that, equity underwritings, huge gains. We will see how this keeps going on. They are seeing saying there priceline is strong. A different story than what we are seeing at the Consumer Banks that have seen many declines. Big in terms of ipo trading at goldman. How sustainable is that . Sonali as long as the markets are healthy, this can keep going on. Our sources are telling us the election can create a bit of a pause. The pipeline is huge for next year as well. You dont know when airbnb is going to go and there are a lot of unicorns looking to break into the public markets. When the ipos fail, you know that there is sachs waiting on the sidelines. Guy we are going to leave it there but we will continue the conversation. She will continue to brief us. Thank you very much indeed. Joining us now for more on those , baird is davi
Bank Stocks Retreat From Rally on Doubt Profit Boom to Last
Matt Turner, Bloomberg News BC-Bank-Stocks-Retreat-From-Rally-on-Doubt-Profit-Boom-to-Last , Matt Turner
(Bloomberg) After soaring during the first half of the year, U.S. bank stocks have been under pressure ahead of second-quarter earnings reports on speculation that the results wonât be strong enough to justify the heady run up.
The S&P 500 Banks Index, which has been one of the best performing segments this year, has slumped more than 6% over the past five weeks even as the broader market advanced.
The pullback began in early June after JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon signaled that the pandemic era trading boom could be drawing to a close, indicating that revenue from that business would drop in the second quarter by more than previously expected. Executives from Citigroup Inc. and Morgan Stanley also sought to temper expectations in