How Much Did The 5 Largest U.S. Investment Banks Make Through FICC Trading In Q2 2016?

August 30th, 2016 by Trefis Team
+2.69%
Upside
186
Market
191
Trefis
JPM: JP Morgan Chase logo
JPM
JP Morgan Chase

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.

IB_QA_US_FICCTrading_16Q2

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.

Relevant Articles
  1. Up 38% Since The Start Of 2023, What Is Next For JPMorgan Stock?
  2. Up 6% In The Last Six months, What’s Next For JPMorgan Stock?
  3. JPMorgan Stock Topped The Consensus In Q2
  4. What To Expect From JPMorgan Stock?
  5. What To Expect From JPMorgan Stock In Q1?
  6. Is JPMorgan Stock Fairly Priced?

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:

See full Trefis analysis for Goldman Sachs | JPMorgan | Morgan Stanley | Bank of America | Citigroup

View Interactive Institutional Research (Powered by Trefis):
Global Large Cap | U.S. Mid & Small Cap | European Large & Mid Cap
More Trefis Research