1/20/13

Hi,

I have been trying to see how the different banks rank in s&t, I know it is very product orientated, but the top tier largely seems to be GS, JPM, BAML, MS and maybe DB.

I made this fudgement based mainly on comparing earnings from S&T at the different banks. However, what I don't get is that by revenues BAML is ahead of GS and on a par with JPM, however, on this forum people often say BAML is not a top tier player in S&T.

I was hoping to get some views on what is top tier and how to differentiate different banks, revenues/ profits seems the easiest way?

Thanks

Comments (3)

1/21/13

Some insight would be great, I've noticed discrepancies such as this as well.

Maybe it could just be a short-term anomaly. Goldman and JP are still considered the "best" in s&t but they just have been doing poorly relative to their past performances and this current poor performance is hitting their business model; any bank would be compared to pre-volcker. Because the previously best firms (and perhaps current..) had shifted its resources and energies into developing its prop desks pre-volcker, they are paying the costs now as they attempt to restructure their business model for trading within current regulation.

Financial Modeling
1/21/13

Some insight would be great, I've noticed discrepancies such as this as well.

Maybe it could just be a short-term anomaly. Goldman and JP are still considered the "best" in s&t but they just have been doing poorly relative to their past performances and this current poor performance is hitting their business model; any bank would be compared to pre-volcker. Because the previously best firms (and perhaps current..) had shifted its resources and energies into developing its prop desks pre-volcker, they are paying the costs now as they attempt to restructure their business model for trading within current regulation.

2/11/13

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