Net Income Of Large U.S. Banks Soared Since Financial Crisis: NYFEDMani
Net income for the five largest U.S. dealers, including JPMorgan and Citigroup, has been much higher and less volatile since the financial crisis than before, with a Sharpe ratio of net income for these top dealers coming in nearly twice as high now since the crisis, according to a NYFED report. Tobias Adrian and team highlight in their post published at the Federal Reserve Bank of New York that estimated returns to market making are at historically low levels, a finding inconsistent with market analysts' argument that higher . . .
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