Official announcements from Jane Street or major financial news outlets

Jane Street's Revenues Soar 78% to $84B, Outpacing Goldman Sachs with 70% Profit Margin

Oct 7, 2024, 06:46 AM

Jane Street, a super-quirky Wall Street trading firm known for its absence of a CEO, is experiencing significant growth. The firm's net trading revenues rose 78% to reach $84 billion, bringing in more trading revenue than Goldman Sachs. With a 70% profit margin, just 5% shy of NVIDIA's, Jane Street is poised to out-earn major financial institutions like BlackRock and Blackstone this year. The company is expanding its footprint, boosting the Financial District. Jane Street's success is attributed to riding the ETF wave to "obscene" riches, surpassing other major trading firms like Citadel Securities, XTX, and DRW.