Good start for US banks’ Ficc revenues in 2017
Most US banks see higher fixed-income, commodities and currency revenues in Q1, on a quarterly and yearly basis
US banks saw a healthy uptick in their fixed-income, commodities and currency (Ficc) revenues in the first quarter of 2017, with some firms, including Citi, Bank of America Merrill Lynch (BofAML) and Morgan Stanley, achieving quarterly sales and trading earnings not seen since 2015.
Morgan Stanley topped the yearly growth rankings with a near-doubling of its Ficc revenues between Q1 2016 and Q1 2017.
On a quarterly basis, BofAML saw the strongest growth in Ficc revenues compared with its
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