Equities, Sweet Equities

StockJockey's avatar
by StockJockey
Tuesday, January 10, 2006 - 9:48 am

Equity trading has been a boon to banks’ bottom lines in recent years, contributing a total of $14.3 billion to the top four Wall Street firms last year. One analyst thinks the momentum will continue in 2006. Sandler O’Neill analyst Jeffery Harte thinks the industry’s revenue from equities will rise another 15 percent this year. Not bad in an area that boasts 30 percent margins.
Equity Trading May Climb 15% [Bloomberg]

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