Goldman Sachs Reports a 19% Jump in 1st Quarter Profit
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By Tatiana Bautzer and Prakhar Srivastava April 14 (Reuters) - Citigroup's first-quarter profit rose 42% as geopolitical tensions fueled market volatility and trading revenue, while strong dealmaking buoyed investment banking fees.
BP expects first-quarter upstream production to be broadly flat and that prices would result in a working-capital build and an increase in net debt.
April 14 (Reuters) - JPMorgan Chase reported a rise in first-quarter profit on Tuesday as its trading division got a boost from volatility across global markets. Net income rose to $16.5 billion, or $5.94 per share, in the three months ended March 31, compared with $14.6 billion, or $5.07 per share, a year earlier.
April 14 (Reuters) - Wall Street banks reported booming trading revenues after a volatile first quarter but sounded caution about the ripple impact on clients of higher oil and geopolitical risk. Market volatility tends to be a boon for trading desks at large banks,
BP expects an exceptional Q1 2026 oil trading result as Middle East war-driven volatility boosts margins, while Shell also signals significantly higher trading profits.
The MTF book declined 5.6 percent month-on-month to Rs 1.13 lakh crore in March 2026, marking the second consecutive monthly fall. The moderation reflects a more cautious stance adopted by investors amid uncertain global cues,
European gas and power markets, once a niche corner of global energy trading, are in for a major change next week: Hours will more than double to 21 from 10, ending the narrow daytime window that has been the norm for years.
Commodities led the growth, with oil trading reaching $6.9 billion in weekly volume after geopolitical tensions, while stock perpetual swaps grew 908% to roughly $4.9 billion.
BP said first-quarter 2026 results will be shaped by volatile energy markets, highlighting exceptionally strong oil trading performance alongside higher commodity prices, while flagging a temporary rise in net debt driven by working capital.
India’s MTF book falls 5.6% in March amid volatility, though yearly growth stays strong; rising risks and costs may curb leveraged trading ahead.