Ficc revenues surge for US banks
The segment sees robust growth, with Morgan Stanley and JP Morgan the standout performers
Following strong growth in the first three months of this year, US banks have continued to see an increase in revenues from fixed-income, commodities and currencies (Ficc) sales and trading, quarter-on-quarter, with Morgan Stanley and JP Morgan the standout performers.
Morgan Stanley saw a 44% surge in Ficc sales and trading to $1.3 billion, from $0.9 billion in the first quarter – the largest increase among US dealers. Despite the improvement, revenues were down compared with the $1.4 billion
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