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JPMorgan YTD Revenue As Of May 2021 At $4.7B – 47% Higher Than Same Period in 2020

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JPMorgan - Investors King

JPMorgan has so far recovered well in 2021 after a pandemic ravaged 2020. According to data presented by TradingPlatforms.com, as of May 2021, JPMorgan has generated $4.7B in revenue – a 47% YoY increase from the same period in 2020.

JPMorgan YTD Revenue Almost 50% Higher Than 2020 – Largest Share of Total YTD Revenue

JPMorgan is one of the largest and most well-known investment banks in the world but even they were not immune to the negative effects of the pandemic. As of May 25, 2021, JPMorgan has generated $4.7B in year-to-date (YTD) revenue compared to just $3.2B at the same period in 2020 – a 47% increase. This also gives JPMorgan chase the highest YTD revenue generated among investment banks and a 9.4% market share of total YTD revenue.

One of JPMorgan’s rivals, Goldman Sachs, is showing even greater signs of recovery, and actually held the top spot for YTD revenue in April 2021. As of May 2021, Goldman Sachs has generated $4.5B – a staggering 75.3% increase from the same period in 2020. This gives Goldman Sachs the second-largest share of total YTD revenue at 9.1%.

Top 10 Investment Banks Account For More Than Half of Total YTD Revenue

The top 10 investment banks with the highest YTD revenue as of May 2021 combined for more than 53% of total YTD revenue among all investment banks, amounting to $26.8B. This YTD revenue is $10B more compared to 2020’s YTD revenue from the same period – an almost 62% increase.

In terms of YTD revenue by sector, investment banks generated the most from financial institutions at $14.11B. This is $5B more than the next largest source of revenue, the technology sector, which generated an estimated $9B in YTD revenue.

Rex Pascual, editor at Trading Platforms, said “JPMorgan along with the rest of the investment banking industry, look poised to bounce back after a difficult 2020. As of writing, JPMorgan was the leading revenue generator in 6 of the 10 most lucrative sectors for investment banks in a clear sign of recovery for the investment banking giants.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Nigerian Stock Exchange

Stanbic IBTC Holdings to Release Audited 2021 Half Results in August 2021

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Stanbic IBTC - investorsking.com

Stanbic IBTC Holdings Plc, one of the leading banks in Nigeria, on Wednesday announced its Board of Directors has decided to audit the Half Year Financial Results of the bank.

The bank announced in a statement signed by Chidi Okezie, Company Secretary.

According to the bank, the Audited Results for the Half Year Ended 30 June 2021 will be released not later than 29, August 2021 after the Central Bank of Nigeria has approved it.

The statement reads, “Having duly notified NGX RegCo of this development, the Management of Stanbic IBTC wishes to notify the investing public that the Company will aim to publish its 2021 Audited Half Year Results on or before 29 August 2021 in accordance with the extant Rules of NGX Regulation Limited as cited above.

“Thank you for your understanding. For any enquiry, please contact Chidi Okezie, Group Company Secretary – Email: chidi.okezie@stanbicibtc.com or Idris Toriola, Head Investor Relations – Email: idris.toriola@stanbicibtc.com; Tel +234 422 8501”

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Nigerian Stock Exchange

Equities Market Closes in Red on Monday

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited extended its bearish trend on Monday as several unclear economic policies continue to dictate market sentiment.

Investors traded 209,212,596 shares estimated at N1.763 billion during the trading hours of Monday.

Market value of listed equities dipped to N20.089 trillion on Monday, while the Nigerian Exchange Limited All-Share Index lost 0.27 percent 38545.30 index points.

Meyer Plc led gainers with 8.77 percent to close at N0.57 a share. This was followed by Champion Brew. Plc with 6.06 percent. See the details below.

Top Gainers

Symbols Last Close Current Change %Change
MEYER N 0.57 N 0.62 0.05 8.77 %
CHAMPION N 1.98 N 2.10 0.12 6.06 %
JBERGER N 19.10 N 20.00 0.90 4.71 %
REGALINS N 0.50 N 0.52 0.02 4.00 %
IKEJAHOTEL N 0.94 N 0.97 0.03 3.19 %

Top Losers 

Symbols Last Close Current Change %Change
FIDSON N 5.10 N 4.60 -0.50 -9.80 %
LASACO N 1.50 N 1.36 -0.14 -9.33 %
FTNCOCOA N 0.33 N 0.30 -0.03 -9.09 %
MBENEFIT N 0.45 N 0.41 -0.04 -8.89 %
CORNERST N 0.58 N 0.55 -0.03 -5.17 %

Top Traders

Symbols Volume Value
ACCESS 22719611.00 193988537.35
MANSARD 16700986.00 15046288.96
ZENITHBANK 16144873.00 384583513.35
MBENEFIT 14685025.00 6036206.91
CHAMS 13478252.00 2703150.40

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Bonds

FG To Auction Three Bonds Worth 50B Each This Week

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Bonds- Investors King

The Debt Management Office has said that the Nigerian government will offer N150 billion bonds for subscription in June.

The bonds comprised three bonds worth N50bn each, a circular said Friday.

The DMO said the bonds will be auctioned on June 23 and all three have the same date for settlement.

The bonds are a 10-year re-opening bond to be offered at the rate of 16.2884 percent and to mature in March 2027; a 15- year re-opening bond to be offered at 12.5 percent with the maturity date of March 2035; and a 30-year re-opening bond to be offered at 12.98 percent and mature in March 2050.

FGN Bonds are “backed by the full faith and credit of the Federal Government of Nigeria”, the DMO said, adding that they are equally charged upon the general assets of Nigeria.

The debt office explained further that FGN bonds qualified as liquid assets for liquidity ratio calculation for banks.

For re-openings of previously issued bonds where the coupon is already set, the circular said successful bidders would pay a price corresponding to the yield to maturity bid that cleared the volume being auctioned, plus any accrued interests on the instrument.

Last month, the DMO offered similar bonds of N150bn bonds for a subscription which comprised three bonds worth N50bn each.

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