Wall Street's five major banks' third-quarter stock trading revenue is expected to approach $19 billion.

According to foreign media reports, several of Wall Street’s largest banks are expected to disclose combined third-quarter stock trading revenue of nearly $19 billion when they release their earnings reports next week. However, as capital market activity cools, performance gaps between the banks are gradually emerging, with some institutions outperforming competitors significantly. This marks a sharp contrast to the first half of this year, when nearly all of the U.S.’ five major banks benefited from a trading boom, with their equities and fixed income trading divisions remaining busy. Based on analyst estimates compiled as of Thursday’s New York market close, Goldman Sachs Group, set to release its earnings report next Tuesday, is projected to rank first among major banks with $5.1 billion in Q3 stock trading revenue. Morgan Stanley is expected to follow closely, with stock trading revenue of $4.9 billion; JPMorgan Chase is forecast to generate $4.5 billion; and Bank of America’s stock trading division is projected to deliver $2.6 billion in revenue. (Jinshi)