Katherine Doherty

Citigroup reported strong trading results, a clean beat overall except for a slight miss in banking, is moving forward from regulatory issues with a diversified business model driving revenue growth, and disclosed $22 billion in private credit exposure with zero losses, providing comfort to investors.

JPMorgan reported strong trading results across the board and one of its strongest quarters for investment banking advisory year-over-year, consistent with previous signals that deals held off at year-end are coming through in Q1 2026.

TradeWeb (TW) is partnering with Kalshi to bring prediction market data onto their institutional trading platform. This legitimizes prediction markets as a valid data input for institutional fixed income traders. It differentiates TradeWeb's offering and opens a new data monetization stream, moving prediction markets from "gambling" to "financial instrumentation." LONG. This represents a structural growth expansion for TradeWeb into alternative data. Regulatory crackdowns on prediction markets could render the partnership less valuable.