Wall Street's five major banks are expected to see Q3 equity trading revenue approach $19 billion.

BlockBeats news, October 9 - According to foreign media reports, several of Wall Street's largest banks are expected to disclose combined stock trading revenues approaching $19 billion for the third quarter when they release their earnings next week. However, as capital market activity begins to cool, performance disparities among banks are gradually emerging, with some banks starting to significantly outperform their competitors.

This contrasts sharply with the situation in the first half of the year. At that time, nearly all of the top five U.S. banks benefited from a trading boom, with both equity and fixed-income trading divisions remaining busy. As of Thursday's New York market close, analyst forecasts compiled show that Goldman Sachs Group, which will report earnings next Tuesday, is expected to lead major banks with $5.1 billion in third-quarter stock trading revenue.

Morgan Stanley is expected to follow closely with $4.9 billion in stock trading revenue; JPMorgan Chase is projected at $4.5 billion; and Bank of America's stock trading division is expected to generate $2.6 billion in revenue. (Jinshi)