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US Banks: Trading Revenue Rose in 1Q18

Peter Barnes
US Banks: Trading Revenue Rose in 1Q18

The largest US investment banks (XLF) saw FICC (fixed income, currencies and commodities) trading revenues of $14.45 billion in 1Q18—76% higher compared to 4Q17. Banks’ FICC trading revenues increased due to increased volatility across capital markets that boosted the demand for debt and currency trading services. JPMorgan Chase (JPM) took the top spot from Citigroup (C). Goldman Sachs (GS) saw its FICC trading revenues rise 23% year-over-year due to its weak performance last year.