<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/07/image-2025-07-15T194729.346.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1152" height="720" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/07/image-2025-07-15T194729.346.png"/></p>
<p>美国大型银行在周二以高昂的姿态开启了第二季度的财报，预示着投资银行活动在经历数月的低迷交易后出现反弹。</p>
<p>摩根大通、花旗和富国银行均超出盈利预期，受益于并购、债务发行和首次公开募股的回暖。</p>
<p>然而，管理层对持续的经济不确定性以及不断变化的美国贸易政策可能带来的影响仍持谨慎态度。</p>
<p>这些令人鼓舞的结果是在季度初期的动荡之后出现的，当时由于特朗普总统宣布对多个国家征收新关税，并购交易几乎停滞不前。</p>
<p>但随着季度的推进，市场情绪改善，交易活动开始恢复，尤其是在医疗和科技领域。</p>
<h2>摩根大通在债务承销和顾问服务方面表现优异</h2>
<p>作为美国最大的银行，摩根大通报告投资银行费用增长 7%，达到 25 亿美元，超出早前的预期。</p>
<p>在 5 月，该银行曾警告费用可能下降中位数十个百分点。</p>
<p>这一增长得益于债务承销和顾问服务收入的强劲表现，尽管股权承销活动有所下降。</p>
<p>摩根大通商业与投资银行的联合首席执行官特洛伊·罗尔巴赫在季度早期曾指出动能减弱，但到 6 月时转机显而易见。</p>
<p>首席财务官杰里米·巴纳姆指出，投资银行的市场环境变得 “稍微乐观一些”，尽管他警告仍然存在挑战。</p>
<h2>花旗受益于并购和 IPO 的势头</h2>
<p>花旗的表现也相当稳健，投资银行收入同比增长 15%，达到 9.81 亿美元。</p>
<p>该银行提到并购、可转换债券和首次公开募股的势头更强。</p>
<p>“总体而言，人们对如何应对不确定性和波动性变得更加熟悉，” 花旗首席财务官马克·梅森表示。</p>
<p>他补充说，该银行在北美看到健康的交易管道，特别是在金融赞助商和快速增长的科技及医疗领域。</p>
<h2>富国银行在季度末看到交易流改善</h2>
<p>富国银行报告投资银行收入增长 8%，达到 4.63 亿美元。</p>
<p>首席财务官迈克·圣托马西莫强调顾问和资本市场活动的增强，表明交易流在季度后期显著回升。</p>
<p>尽管如此，各银行高管仍然保持谨慎的语气。</p>
<p>虽然他们预计延迟的交易将在下半年恢复，但整体环境依然脆弱。</p>
<p>关税不确定性、地缘政治紧张局势以及对经济前景的担忧继续抑制乐观情绪。</p>
<h2>银行关注政策变化，更多财报即将发布</h2>
<p>美国银行、高盛和摩根士丹利将在周三公布业绩，这将提供华尔街如何应对不断变化的经济和政治环境的更全面的视角。</p>
<p>银行领导人还表示希望特朗普政府下更宽松的监管立场将继续支持商业增长。</p>
<p>美国贷款机构最近通过了美联储的年度压力测试，重申了其资本实力和应对不利情景的能力。</p>
<p>“投资者已经回归现实，认为美国经济强劲……股市反映了这一点，” BNY Mellon 首席执行官罗宾·文斯表示，补充说这种情绪表明投资银行的潮流可能在 2025 年发生转变。</p>
<p>这篇文章的标题是《从摩根大通到花旗：美国银行报告强劲的第二季度，交易活动复苏》，首次出现在 Invezz 上。</p>

3 倍做多美国大银行 ETN - MicroSectors

美国经纪商&证券交易所 ETF - iShares

金融业 ETF - SPDR

金融业 ETF - Vanguard

花旗

摩根大通

富国银行

金融指数 MSCI ETF - Fidelity

<p>包括摩根大通、花旗和富国银行在内的大型美国银行报告了强劲的第二季度收益，显示出投资银行活动在经历了一段低迷的交易期后有所反弹。摩根大通的投资银行费用增长了 7%，达到 25 亿美元，而花旗的收入则增长了 15%，达到 9.81 亿美元，这得益于并购和首次公开募股的势头。富国银行的投资银行收入也增长了 8%。尽管结果积极，管理层仍然保持谨慎，原因是持续的经济不确定性和地缘政治紧张局势。预计其他主要银行也将很快发布更多的收益报告</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/07/image-2025-07-15T194729.346.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/07/image-2025-07-15T194729.346.png"/></p>
<p>Big US banks kicked off second-quarter earnings on a high note Tuesday, signalling a rebound in investment banking activity after months of subdued dealmaking.</p>
<div class="lb-trans"><p>美国大型银行在周二以高昂的姿态开启了第二季度的财报，预示着投资银行活动在经历数月的低迷交易后出现反弹。</p>
</div><p>JPMorgan Chase, Citigroup, and Wells Fargo all surpassed profit expectations, buoyed by a pickup in mergers, debt issuance, and IPO momentum.</p>
<div class="lb-trans"><p>摩根大通、花旗和富国银行均超出盈利预期，受益于并购、债务发行和首次公开募股的回暖。</p>
</div><p>However, executives remained wary of ongoing economic uncertainty and the potential fallout from evolving US trade policy.</p>
<div class="lb-trans"><p>然而，管理层对持续的经济不确定性以及不断变化的美国贸易政策可能带来的影响仍持谨慎态度。</p>
</div><p>The encouraging results came after a rocky start to the quarter, which saw mergers and acquisitions grind to a halt following President Donald Trump’s announcement of new tariffs on several countries.</p>
<div class="lb-trans"><p>这些令人鼓舞的结果是在季度初期的动荡之后出现的，当时由于特朗普总统宣布对多个国家征收新关税，并购交易几乎停滞不前。</p>
</div><p>But as the quarter progressed, sentiment improved, and deal activity began to recover—particularly in the healthcare and technology sectors.</p>
<div class="lb-trans"><p>但随着季度的推进，市场情绪改善，交易活动开始恢复，尤其是在医疗和科技领域。</p>
</div><h2>JPMorgan outperforms on debt underwriting and advisory</h2>
<div class="lb-trans"><h2>摩根大通在债务承销和顾问服务方面表现优异</h2>
</div><p>JPMorgan Chase, the country’s largest bank, reported a 7% rise in investment banking fees to $2.5 billion, exceeding earlier guidance.</p>
<div class="lb-trans"><p>作为美国最大的银行，摩根大通报告投资银行费用增长 7%，达到 25 亿美元，超出早前的预期。</p>
</div><p>In May, the bank had warned that fees could drop by a mid-teens percentage.</p>
<div class="lb-trans"><p>在 5 月，该银行曾警告费用可能下降中位数十个百分点。</p>
</div><p>The gains were driven by stronger debt underwriting and advisory revenues, even as equity underwriting activity declined.</p>
<div class="lb-trans"><p>这一增长得益于债务承销和顾问服务收入的强劲表现，尽管股权承销活动有所下降。</p>
</div><p>Troy Rohrbaugh, co-CEO of JPMorgan’s commercial and investment bank, had flagged weakening momentum earlier in the quarter, but the turnaround was evident by June.</p>
<div class="lb-trans"><p>摩根大通商业与投资银行的联合首席执行官特洛伊·罗尔巴赫在季度早期曾指出动能减弱，但到 6 月时转机显而易见。</p>
</div><p>CFO Jeremy Barnum noted that the investment banking landscape had grown “a little more upbeat,” though he cautioned that challenges remain.</p>
<div class="lb-trans"><p>首席财务官杰里米·巴纳姆指出，投资银行的市场环境变得 “稍微乐观一些”，尽管他警告仍然存在挑战。</p>
</div><h2>Citigroup benefits from momentum in M&amp;A and IPOs</h2>
<div class="lb-trans"><h2>花旗受益于并购和 IPO 的势头</h2>
</div><p>Citigroup also posted a solid performance, with investment banking revenues rising 15% year-over-year to $981 million.</p>
<div class="lb-trans"><p>花旗的表现也相当稳健，投资银行收入同比增长 15%，达到 9.81 亿美元。</p>
</div><p>The bank cited stronger momentum in M&amp;A, convertibles, and initial public offerings.</p>
<div class="lb-trans"><p>该银行提到并购、可转换债券和首次公开募股的势头更强。</p>
</div><p>“There is, in general, more growing familiarity with how to deal with uncertainty and volatility,” Citigroup CFO Mark Mason said.</p>
<div class="lb-trans"><p>“总体而言，人们对如何应对不确定性和波动性变得更加熟悉，” 花旗首席财务官马克·梅森表示。</p>
</div><p>He added that the bank is seeing a healthy pipeline of deals in North America, particularly with financial sponsors and in fast-growing sectors like tech and healthcare.</p>
<div class="lb-trans"><p>他补充说，该银行在北美看到健康的交易管道，特别是在金融赞助商和快速增长的科技及医疗领域。</p>
</div><h2>Wells Fargo sees late-quarter improvement in deal flow</h2>
<div class="lb-trans"><h2>富国银行在季度末看到交易流改善</h2>
</div><p>Wells Fargo reported an 8% increase in investment banking revenue, reaching $463 million.</p>
<div class="lb-trans"><p>富国银行报告投资银行收入增长 8%，达到 4.63 亿美元。</p>
</div><p>CFO Mike Santomassimo highlighted stronger advisory and capital markets activity, indicating that deal flow picked up notably in the latter part of the quarter.</p>
<div class="lb-trans"><p>首席财务官迈克·圣托马西莫强调顾问和资本市场活动的增强，表明交易流在季度后期显著回升。</p>
</div><p>Still, executives across the board struck a cautious tone.</p>
<div class="lb-trans"><p>尽管如此，各银行高管仍然保持谨慎的语气。</p>
</div><p>While they expect delayed deals to come back online in the second half of the year, the broader environment remains fragile.</p>
<div class="lb-trans"><p>虽然他们预计延迟的交易将在下半年恢复，但整体环境依然脆弱。</p>
</div><p>Tariff uncertainty, geopolitical tensions, and concerns over the economic outlook continue to temper optimism.</p>
<div class="lb-trans"><p>关税不确定性、地缘政治紧张局势以及对经济前景的担忧继续抑制乐观情绪。</p>
</div><h2>More earnings ahead as banks watch policy shifts</h2>
<div class="lb-trans"><h2>银行关注政策变化，更多财报即将发布</h2>
</div><p>Bank of America, Goldman Sachs, and Morgan Stanley are due to report results on Wednesday, which will offer a fuller picture of how Wall Street is responding to the shifting economic and political landscape.</p>
<div class="lb-trans"><p>美国银行、高盛和摩根士丹利将在周三公布业绩，这将提供华尔街如何应对不断变化的经济和政治环境的更全面的视角。</p>
</div><p>Bank leaders also expressed hope that a more relaxed regulatory stance under the Trump administration will continue to support business growth.</p>
<div class="lb-trans"><p>银行领导人还表示希望特朗普政府下更宽松的监管立场将继续支持商业增长。</p>
</div><p>US lenders recently passed the Federal Reserve’s annual stress tests, reaffirming their capital strength and ability to weather adverse scenarios.</p>
<div class="lb-trans"><p>美国贷款机构最近通过了美联储的年度压力测试，重申了其资本实力和应对不利情景的能力。</p>
</div><p>“Investors have come back to the reality that the US economy is strong… the stock market’s reflecting that,” said BNY Mellon CEO Robin Vince, adding to the prevailing sentiment that the tide could be turning for investment banking in 2025.</p>
<div class="lb-trans"><p>“投资者已经回归现实，认为美国经济强劲……股市反映了这一点，” BNY Mellon 首席执行官罗宾·文斯表示，补充说这种情绪表明投资银行的潮流可能在 2025 年发生转变。</p>
</div><p>The post From JPMorgan to Citi: US banks report strong Q2 as dealmaking revives appeared first on Invezz</p>
<div class="lb-trans"><p>这篇文章的标题是《从摩根大通到花旗：美国银行报告强劲的第二季度，交易活动复苏》，首次出现在 Invezz 上。</p>
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From JPMorgan to Citi: US banks report strong Q2 as dealmaking revives

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从摩根大通到花旗：随着交易活动的复苏，美国银行报告了强劲的第二季度业绩