Ficc revenues rise for US banks in 2016
However, fourth-quarter earnings fall for most
US banks saw revenues from fixed income, commodities and currencies (Ficc) grow in 2016, compared with the previous year, but they faced lower revenues in the fourth quarter versus the third.
At 22.1%, JP Morgan saw the largest growth in yearly Ficc revenues, at $15.25 billion, up from $12.59 billion in 2015. But, in line with its peers, the bank saw a slowdown in Q4, generating $3.36 billion, compared with the $4.34 billion earned in the previous three months.
Despite the quarter-on-quarter
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