Morgan Stanley more than doubles Q4 Ficc revenues
All US banks see Ficc revenues improve substantially in Q4 versus a year ago
Buoyed by a more risk-on environment at the end of 2019, US banks with substantial fixed-income, currencies and commodities (Ficc) businesses made double-digit recoveries in the fourth quarter, compared with the dismal performances seen in Q4 2018.
Most US banks, however, saw their quarter-on-quarter Ficc revenues fall as yearly revenues rose.
In an impressive comeback, Morgan Stanley more than doubled its Ficc income between the last quarters of 2018 and 2019, from $564 million to $1.273
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