Merrill Lynch bucks downward Q3 trend
NEWS
Net revenues for the fixed income, currencies and commodities (FICC) business of Merrill Lynch were $2.1 billion, up 26% on the same period last year and 23% on second quarter results from 2006. The FICC results are a quarterly record, which the Merrill Lynch report said was driven primarily by record results in commodities and an increase in trading credit products that offset declines in principal investing and trading interest rate products.
Both JP Morgan and Wachovia reported decreased year
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