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Wall Street's Rocketed First Half
Video Credit: Wochit Business
Published on October 22, 2020 - Duration: 00:33s
Wall Street's Rocketed First Half
New York's securities industry notched its largest first-half profit since 2009 due to sharp increases in trading and underwriting activity, New York State Comptroller Thomas DiNapoli said in a Thursday report.
Pretax profits through the first six months of the year surged 82% to $27.6 billion.
Underwriting revenues hit a record of $10.4 billion in the second quarter.
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