JP JPM JPMorgan Chase & Co. Загрузка... : Бычьи и медвежьи мнения аналитиков

Citi's prime balances grew by nearly 60% in a single quarter, and equity markets revenues were up 45%, indicating rapid expansion in prime brokerage, likely at the expense of players facing regulatory or balance sheet constraints. — This type of growth suggests that Citi is capitalising on a structural shift, potentially capturing hedge fund share from competitors, and is a key indicator of momentum in the franchise.

Prime balances in equities grew by over 50% in Q1, significantly outperforming the equity markets revenue growth of ~40%, indicating substantial share gains and client addition. — This signals a major competitive win over prime brokerage rivals, indicating a surge in hedge fund client flows to Citi.

Citi's Global Subsidiaries Group (TTS) is seeing a surge in new client onboarding, evidenced by a 24% growth in assets under custody and administration, which is partly driven by market valuations but also indicates significant new asset wins, particularly in North America. — This suggests Citi is taking market share from larger custody players like BNY Mellon and JPMorgan in a high-margin business, which could pressure their growth in this segment.