Goldman Sachs traders aren’t the only ones on Wall Street to make money on every single trading day last quarter. JPMorgan had average daily trading revenue of $118 million for the quarter and never ended a day with a net loss, according to a filing on Monday.
JPMorgan posted gains of between $60 million and $90 million on most trading days of the quarter with about half the days bringing in at least $90 million. On 10 days, Jamie & Co. had more than $180 million in net trading revenue. Goldman said it scored more than $100 million in revenue on 35 of the 63 trading days in the quarter.
Don't expect the same in the second quarter, especially with the market recent market gyrations. “The high level of trading and securities gains in the first quarter of 2010 is not likely to continue throughout 2010,” the firm said in the filing.