US dealers see Q2 Ficc revenues dip
While second-quarter revenues did not match the performance of earlier this year, they were higher than in Q2 2017
Second-quarter revenues from fixed-income, commodities and currencies (Ficc) sales and trading contracted compared with the first three months of the year for large US foreign exchange banks, with all major dealers experiencing declines.
On a quarterly comparison, Morgan Stanley and JP Morgan fared the worst, with their Ficc revenues slipping by more than 20%. Bank of America Merrill Lynch, Goldman Sachs and Citi saw their revenues decrease by 19.4%, 19% and 10%, respectively.
However, while
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