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In 2024, banks are expected to generate their highest trading revenues since 2010, reaching almost $225bn, driven by equity derivatives and credit deals. The rebound in trading activity was fueled by market volatility surrounding events like the US election and the unwinding of the yen carry trade. Major investment banks, including JPMorgan Chase, Goldman Sachs, and Morgan Stanley, are on track to surpass 2022 revenues, benefiting from increased securitisation trading and equity capital markets activity.
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