
Robinhood Shares Slide on 34% Decrease in Crypto Revenue
Retail brokerage Robinhood's business has gotten a boost from prediction markets, though its crypto trading revenue fell in Q1.

Retail brokerage Robinhood's business has gotten a boost from prediction markets, though its crypto trading revenue fell in Q1.
Jane Street achieved a record $39.6 billion in net trading revenue last year, outperforming competitors like Citadel Securities and Hudson River Trading. The surge was driven by market volatility and gains from its investments in private startups, notably AI firm Anthropic.
Morgan Stanley's results in the quarter were powered by the firm's fixed income and equities trading operations, which produced about $8.5 billion in revenue.

Goldman Sachs reported first-quarter earnings and revenue that surpassed analyst expectations, largely due to record-breaking equities trading and robust investment banking fees. However, fixed income operations and asset management revenue fell short of targets, and the bank increased its provision for credit losses.