It’s a good time to be a megabank. In many businesses, the largest global banks such as JPMorgan Chase & Co. and Bank of America Corp. are getting bigger, while others are struggling to keep pace. The latest example: the volatility-induced surge in first-quarter stock-trading revenue that smaller U.S. investment banks almost universally missed out on.

Source: Wall Street Journal May 07, 2018 09:31 UTC