<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>美國大型銀行在週二以高昂的姿態開啓了第二季度的財報，預示着投資銀行活動在經歷數月的低迷交易後出現反彈。</p>
<p>摩根大通、花旗和富國銀行均超出盈利預期，受益於併購、債務發行和首次公開募股的回暖。</p>
<p>然而，管理層對持續的經濟不確定性以及不斷變化的美國貿易政策可能帶來的影響仍持謹慎態度。</p>
<p>這些令人鼓舞的結果是在季度初期的動盪之後出現的，當時由於特朗普總統宣佈對多個國家徵收新關税，併購交易幾乎停滯不前。</p>
<p>但隨着季度的推進，市場情緒改善，交易活動開始恢復，尤其是在醫療和科技領域。</p>
<h2>摩根大通在債務承銷和顧問服務方面表現優異</h2>
<p>作為美國最大的銀行，摩根大通報告投資銀行費用增長 7%，達到 25 億美元，超出早前的預期。</p>
<p>在 5 月，該銀行曾警告費用可能下降中位數十個百分點。</p>
<p>這一增長得益於債務承銷和顧問服務收入的強勁表現，儘管股權承銷活動有所下降。</p>
<p>摩根大通商業與投資銀行的聯合首席執行官特洛伊·羅爾巴赫在季度早期曾指出動能減弱，但到 6 月時轉機顯而易見。</p>
<p>首席財務官傑里米·巴納姆指出，投資銀行的市場環境變得 “稍微樂觀一些”，儘管他警告仍然存在挑戰。</p>
<h2>花旗受益於併購和 IPO 的勢頭</h2>
<p>花旗的表現也相當穩健，投資銀行收入同比增長 15%，達到 9.81 億美元。</p>
<p>該銀行提到併購、可轉換債券和首次公開募股的勢頭更強。</p>
<p>“總體而言，人們對如何應對不確定性和波動性變得更加熟悉，” 花旗首席財務官馬克·梅森表示。</p>
<p>他補充説，該銀行在北美看到健康的交易管道，特別是在金融贊助商和快速增長的科技及醫療領域。</p>
<h2>富國銀行在季度末看到交易流改善</h2>
<p>富國銀行報告投資銀行收入增長 8%，達到 4.63 億美元。</p>
<p>首席財務官邁克·聖托馬西莫強調顧問和資本市場活動的增強，表明交易流在季度後期顯著回升。</p>
<p>儘管如此，各銀行高管仍然保持謹慎的語氣。</p>
<p>雖然他們預計延遲的交易將在下半年恢復，但整體環境依然脆弱。</p>
<p>關税不確定性、地緣政治緊張局勢以及對經濟前景的擔憂繼續抑制樂觀情緒。</p>
<h2>銀行關注政策變化，更多財報即將發佈</h2>
<p>美國銀行、高盛和摩根士丹利將在週三公佈業績，這將提供華爾街如何應對不斷變化的經濟和政治環境的更全面的視角。</p>
<p>銀行領導人還表示希望特朗普政府下更寬鬆的監管立場將繼續支持商業增長。</p>
<p>美國貸款機構最近通過了美聯儲的年度壓力測試，重申了其資本實力和應對不利情景的能力。</p>
<p>“投資者已經迴歸現實，認為美國經濟強勁……股市反映了這一點，” BNY Mellon 首席執行官羅賓·文斯表示，補充説這種情緒表明投資銀行的潮流可能在 2025 年發生轉變。</p>
<p>這篇文章的標題是《從摩根大通到花旗：美國銀行報告強勁的第二季度，交易活動復甦》，首次出現在 Invezz 上。</p>

3 倍做多美國大銀行 ETN - MicroSectors

美國經紀商&證券交易所 ETF - iShares

金融業 ETF - SPDR

金融業 ETF - Vanguard

花旗

摩根大通

富國銀行

金融指數 MSCI ETF - Fidelity

<p>包括摩根大通、花旗和富國銀行在內的大型美國銀行報告了強勁的第二季度收益，顯示出投資銀行活動在經歷了一段低迷的交易期後有所反彈。摩根大通的投資銀行費用增長了 7%，達到 25 億美元，而花旗的收入則增長了 15%，達到 9.81 億美元，這得益於併購和首次公開募股的勢頭。富國銀行的投資銀行收入也增長了 8%。儘管結果積極，管理層仍然保持謹慎，原因是持續的經濟不確定性和地緣政治緊張局勢。預計其他主要銀行也將很快發佈更多的收益報告</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>美國大型銀行在週二以高昂的姿態開啓了第二季度的財報，預示着投資銀行活動在經歷數月的低迷交易後出現反彈。</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、花旗和富國銀行均超出盈利預期，受益於併購、債務發行和首次公開募股的回暖。</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，管理層對持續的經濟不確定性以及不斷變化的美國貿易政策可能帶來的影響仍持謹慎態度。</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>這些令人鼓舞的結果是在季度初期的動盪之後出現的，當時由於特朗普總統宣佈對多個國家徵收新關税，併購交易幾乎停滯不前。</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>但隨着季度的推進，市場情緒改善，交易活動開始恢復，尤其是在醫療和科技領域。</p>
</div><h2>JPMorgan outperforms on debt underwriting and advisory</h2>
<div class="lb-trans"><h2>摩根大通在債務承銷和顧問服務方面表現優異</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>作為美國最大的銀行，摩根大通報告投資銀行費用增長 7%，達到 25 億美元，超出早前的預期。</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，該銀行曾警告費用可能下降中位數十個百分點。</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>這一增長得益於債務承銷和顧問服務收入的強勁表現，儘管股權承銷活動有所下降。</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>摩根大通商業與投資銀行的聯合首席執行官特洛伊·羅爾巴赫在季度早期曾指出動能減弱，但到 6 月時轉機顯而易見。</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>首席財務官傑里米·巴納姆指出，投資銀行的市場環境變得 “稍微樂觀一些”，儘管他警告仍然存在挑戰。</p>
</div><h2>Citigroup benefits from momentum in M&amp;A and IPOs</h2>
<div class="lb-trans"><h2>花旗受益於併購和 IPO 的勢頭</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>花旗的表現也相當穩健，投資銀行收入同比增長 15%，達到 9.81 億美元。</p>
</div><p>The bank cited stronger momentum in M&amp;A, convertibles, and initial public offerings.</p>
<div class="lb-trans"><p>該銀行提到併購、可轉換債券和首次公開募股的勢頭更強。</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>“總體而言，人們對如何應對不確定性和波動性變得更加熟悉，” 花旗首席財務官馬克·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>他補充説，該銀行在北美看到健康的交易管道，特別是在金融贊助商和快速增長的科技及醫療領域。</p>
</div><h2>Wells Fargo sees late-quarter improvement in deal flow</h2>
<div class="lb-trans"><h2>富國銀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>富國銀行報告投資銀行收入增長 8%，達到 4.63 億美元。</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>首席財務官邁克·聖托馬西莫強調顧問和資本市場活動的增強，表明交易流在季度後期顯著回升。</p>
</div><p>Still, executives across the board struck a cautious tone.</p>
<div class="lb-trans"><p>儘管如此，各銀行高管仍然保持謹慎的語氣。</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>雖然他們預計延遲的交易將在下半年恢復，但整體環境依然脆弱。</p>
</div><p>Tariff uncertainty, geopolitical tensions, and concerns over the economic outlook continue to temper optimism.</p>
<div class="lb-trans"><p>關税不確定性、地緣政治緊張局勢以及對經濟前景的擔憂繼續抑制樂觀情緒。</p>
</div><h2>More earnings ahead as banks watch policy shifts</h2>
<div class="lb-trans"><h2>銀行關注政策變化，更多財報即將發佈</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>美國銀行、高盛和摩根士丹利將在週三公佈業績，這將提供華爾街如何應對不斷變化的經濟和政治環境的更全面的視角。</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>銀行領導人還表示希望特朗普政府下更寬鬆的監管立場將繼續支持商業增長。</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>美國貸款機構最近通過了美聯儲的年度壓力測試，重申了其資本實力和應對不利情景的能力。</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>“投資者已經迴歸現實，認為美國經濟強勁……股市反映了這一點，” BNY Mellon 首席執行官羅賓·文斯表示，補充説這種情緒表明投資銀行的潮流可能在 2025 年發生轉變。</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>這篇文章的標題是《從摩根大通到花旗：美國銀行報告強勁的第二季度，交易活動復甦》，首次出現在 Invezz 上。</p>
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From JPMorgan to Citi: US banks report strong Q2 as dealmaking revives

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從摩根大通到花旗：隨着交易活動的復甦，美國銀行報告了強勁的第二季度業績