Citigroup’s revenue from trading last year was US$19.8bil and Bank of America took in US$18.8bil. — Bloomberg
NEW YORK: Jane Street Group LLC has generated a record US$20.5bil in net trading revenue last year, vaulting it past Bank of America Corp and Citigroup Inc as the market maker reaps the benefits of its global expansion.
The 2024 haul almost doubled Jane Street’s US$10.6bil in total trading revenue from a year earlier, according to financial documents seen by Bloomberg News.
Jane Street’s US$13bil of net income was also a record.
The results show just how big Jane Street has become as it continues pressing for more growth.
The firm has steadily expanded to make markets in areas including exchange-traded funds, stocks, currencies, derivatives and bonds.
By comparison, Citigroup’s revenue from trading last year was US$19.8bil and Bank of America took in US$18.8bil.
A representative for Jane Street didn’t immediately respond to a request for comment.
Furthermore, The Financial Times reported some of Jane Street’s revenue figures earlier Wednesday. Last year’s momentum continued into 2025, according to the firm, which said it expects first-quarter net trading revenue of US$7.1bil to US$7.2bil.
Preliminary adjusted earnings before interest, taxes, depreciation and amortisation is expected to be US$5.4bil to US$5.5bil, while net income will probably be US$4.5bil to US$4.6bil, it said. — Bloomberg
