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怎么吃到自己的小鸡教程|老公跟弟媳在一起还能一起过吗?该如何重
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怎么吃到自己的小鸡教程|老公跟弟媳在一起还能一起过吗?该如何重

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  自上周末开始,美国银行业进入今年一季度财报季,主要头部银行,包括高盛、摩根大通、摩根士丹利在内的财报均超出市场预期。4月15日,美国银行报告利润增长11%,同样超出预期。

  据悉,交易业务激增促使银行业整体收益上涨,然而,正是关税战的影响之下,才使得市场呈现出高度波动性,进而增加了一季度的股票交易量。

  在一片积极报告背后,不少行业高管却给出了谨慎的述评预期。

银行业交易收入激增

  当地时间4月15日,美国银行报告了超市场预期的第一季度财报。在市场波动影响下,其交易业务激增,并进一步提升了收入。数据显示,美国银行一季度利润为74亿美元,同比增长11%,相当于每股收益90美分,超过了华尔街预期的82美分。

  然而,许多银行股在今年的市场上表现并不火热。截至4月14日收盘,今年以来,美国银行的股价已下跌17%,跌幅大于标准普尔500指数同期7.9%的跌幅。与美国资产排名第二的银行地位相比更是相形见绌。

  据悉,本季度美国银行业财报均超预期,而“交易收入激增”是造就这一成果的主要原因。一直以来,银行交易部门力图向投资者收取更多费用,而本季度,投资者在关税不确定的影响下争先恐后重整投资组合,提高了股票交易量。

  高盛4月14日公布一季度财报显示,公司净收入同比增长6%至150.6亿美元,股票交易业务爆发,促使收入同比增长27%至41.9亿美元,创下历史新高。

  同样,摩根大通上周表示,股票交易收入增长48%至历史新高,一季度营收增长17%,达到创纪录的177.4亿美元,市场预期为165.4亿美元。

  摩根士丹利报告股票交易收入增长45%,一季度营收460亿美元,同比增长8%,好于市场预期的443.9亿美元。

  高盛首席执行官大卫·所罗门表示,即使在经济不确定性的情况下,交易客户也很活跃。

  “我们正处于本季度(第二季度)的早期,但到目前为止,业务表现非常好,客户非常活跃”,所罗门4月14日在与分析师的电话会议上表示,“我知道存在更高的不确定性,但与此同时,人们正在改变立场,我们仍然看到显著的活动水平”。

  虽然第一季度固定收益、货币和大宗商品交易的收入增长幅度不大,但关税一直在刺激美国国债的波动性。所罗门指出,货币业务显示出惊人的增长。

  在投资者为波动性做准备的情况下,第一季度股票衍生品的活动尤其高。高盛财务主管丹尼斯·科尔曼表示,该公司继续看到客户对融资的“巨大需求”。

来自行业高管警告

  可以说,本季度银行业的丰收得益于市场的波动性,但长时间的波动可能会刺激投资者进入“完全观望”状态,而非频繁交易。

  值得注意的是,咨询平台Dealogic显示,2025年第一季度,美国的并购活动大为下降。一般情况下,市场的波动性虽然会推动交易量大增,但会放缓投行部门的并购和IPO业务,只是股票交易的火热掩盖了这一点而已。

  随着财报的发布,一些银行高管给出了谨慎的述评,这让“波动性”的双刃剑效应更加明显,也进一步说明,即便业绩再怎么出色,但当前经济方向明显缺乏明确性,即使是那些最有影响力的首席执行官也不会妄下结论。

  “简单的事实是,我们不知道贸易政策会如何发展,也不知道它将对经济产生什么影响”,摩根士丹利首席执行官泰德·皮克说。

  摩根大通首席执行官杰米·戴蒙表示,经济“面临相当大的动荡”。关税、通胀、地缘政治冲突仍是巨大的不确定因子。

  美国资产第三大银行富国银行也报告了超预期的利润,一季度净收入同比增长6%至49亿美元,高于华尔街预期的40亿美元。但该银行首席执行官查理·沙夫表示,由于贸易紧张,他正在为经济放缓和更多的市场动荡做准备。

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