Foreign-funded securities firms' 2024 performance is out! Goldman Sachs leads, with several firms doubling their net profits

Recently, with the disclosure of the 2024 annual reports of the securities industry on the website of the China Securities Association, the performance of foreign-funded securities firms for 2024 has been fully revealed. Overall, the operating income of foreign-funded securities firms in 2024 has increased compared to 2023. From the performance of various well-known foreign-funded securities firms, Goldman Sachs leads the industry with a net profit increase of 158% to 498 million yuan in 2024; JPMorgan Chase Securities achieved a net profit of 259 million yuan last year, with both firms achieving over 100% year-on-year growth in net profit for 2024. UBS Securities achieved a net profit of 150 million yuan in 2024, a significant increase of 693% compared to 2023. Morgan Stanley Securities reported a profit of 18 million yuan in 2024, turning a profit compared to a loss in 2023. However, there are still many foreign-funded securities firms that reported losses in 2024, including Nomura Orient International Securities, Daiwa Securities, Credit Suisse Securities, DBS Securities, Standard Chartered Securities, and others