How Much Did The 5 Largest U.S. Investment Banks Make Through FICC Trading In Q2 2016?
The 5 largest U.S investment banks generated $13.3 billion in total FICC (fixed income, currencies and commodities) trading revenues over Q2 2016 – a gain of 22% year-on-year and also 16% more than the total figure for the previous quarter. The global FICC trading industry witnessed a sharp improvement in activity levels after three poor quarters as debt market conditions improved. Forex trading activity also received a boost towards the end of the quarter from an unexpected Brexit vote – helping FICC trading revenues.
Notably, these five banks usually account for between 30-40% of the global FICC trading revenues for any given quarter. JPMorgan dominates the industry, with the diversified banking giant ranking #1 in 21 of the last 23 quarters. Citigroup held the top spot in the other two quarters (Q3 2012 and Q2 2015). But while JPMorgan also has a strong presence in the equity trading industry, Citigroup’s business model focuses primarily on FICC trading.
You can see how changes in JPMorgan’s FICC trading yield impacts our price estimate for the bank by making changes to the chart below.
See the links below for more information and analysis about the 5 largest U.S. investment banks:
- How Much In M&A Advisory Fees Did The 5 Largest U.S. Investment Banks Generate In Q2 2016?
- How Much In Debt Origination Fees Did The 5 Largest U.S. Investment Banks Generate In Q2 2016?
- How Much In Equity Underwriting Fees Did The 5 Largest U.S. Investment Banks Generate In Q2 2016?
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