The big US banks wrapped up their third-quarter results season this week, with Morgan Stanley and Goldman Sachs looking more vibrant in places than their giant commercial cousins.
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| JPMorgan | Citi | BAML |
| Morgan Stanley | Goldman Sachs |
Revenues were flat or slightly up across the board, with profits climbing more strongly, but investment banking had a happier time at the traditional broker dealers than at the universal banks.
That broad trend for the quarter didn’t stop JPMorgan CFO Marianne Lake from being able to rattle off a traditional series of year-to-date number-one rankings, including in investment banking fees in North America, in EMEA and globally.
Group revenues in the quarter rose by 7% year-on-year, an increase matched only by Morgan Stanley, and pre-tax profits were up 12%.
Also in this story: CEOs outline prep for new capital buffer, credit loss rules
As usual on JPMorgan’s call, analysts were looking for macro...
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