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Market
Which firm will have the highest profit margin in 2024?
2
Jane Street•Wall Street•Goldman Sachs•NVIDIA•BlackRock•Blackstone•Financial District•ETF•Citadel Securities•XTX•DRW
Resolution / Starting Odds
Jane Street • 25%
NVIDIA • 25%
BlackRock • 25%
DRW • 25%
Annual financial statements of the listed firms
Story
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.
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