Major Wall Street banks report strong fourth quarter revenue from prime brokerage units
Five major Wall Street banks reported significant fourth-quarter revenue growth in their prime brokerage units. This trend follows market consolidation in 2025.
洞察:
The five largest banks in the US 
USreported substantial revenue growth in their prime brokerage units for the fourth quarter of 2025. This performance highlights a significant structural shift in market share following the collapse of Credit Suisse in CH 
CH, which was forced to wind down its brokerage lending operations after the Archegos Capital Management collapse. Revenue increases across the top firms ranged from 23% to 40% during the final three months of the year, driven by elevated levels of client leverage and a favorable trading environment.
USreported substantial revenue growth in their prime brokerage units for the fourth quarter of 2025. This performance highlights a significant structural shift in market share following the collapse of Credit Suisse in CH CH, which was forced to wind down its brokerage lending operations after the Archegos Capital Management collapse. Revenue increases across the top firms ranged from 23% to 40% during the final three months of the year, driven by elevated levels of client leverage and a favorable trading environment.JPMorgan Chase & Co. led the group with a 40% surge in equity markets revenues, which reached $2.9 billion in the fourth quarter. Rachid Alaoui rachid alaoui, the head of global equities trading at JPMorgan Chase & Co., noted that the prime lending unit benefited from a rotation in trading activity without experiencing extreme volatility. Similarly, Bank of America Corporation recorded a 23% jump in its quarterly equities business revenues. Alastair Borthwick alastair borthwick, the chief financial officer of Bank of America Corporation, indicated that these gains were specifically tied to the performance of the bank's prime brokerage unit.
