Global Asset Managers
Mid-year Outlook
The revenue outlook for asset and wealth managers is supported by global equity market capitalization remaining near the record high reached on June 12. In this environment, organic growth and business mix appear promising, with JPMorgan, Goldman Sachs and BlackRock maintaining their positions as consistent flow leaders, helping to drive operating leverage.
Topics covered:
- Stocks: EPS hinges on markets
- Neutral margins: Cyclical profits, M&A
- Revenue: Pressure on two fronts
Key themes explored in this report:
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