Goldman Sachs, JPMorgan Chase, Morgan Stanley Post $51.9 Billion in Equity-Related Revenue

Goldman Sachs, JPMorgan Chase and Morgan Stanley posted $51.89 billion in equity-related revenue in the first nine months of 2026, equal to 77.5% of the combined total across five large U.S. banks. Goldman’s Equities line totaled $19.183 billion for the period, compared with $15.460 billion in JPMorgan’s Equity Markets and $17.247 billion in Morgan Stanley’s Equity business. Bank of America’s equities sales-and-trading revenue was $8.974 billion, and Citigroup’s Equity Markets revenue was $6.108 billion. The five-bank amount was $66.97 billion, calculated by adding each firm’s own equity-related line.

Source: TokenPost