GS still leads in credit/FI, JPM, BAML, and co. catching up
FROM BLOOMBERG ARTICLE:
Since then, its advantage over the second-place bank and over the average of the seven firms has dwindled in each of the last three quarters. In the third quarter, the bank had a 6.8 percent advantage over its nearest competitor, Charlotte, North Carolina-based Bank of America, which reported fixed-income trading revenue of $3.53 billion.
The data include fixed-income revenue at Bank of America, Citigroup Inc., Credit Suisse, Deutsche Bank AG, Goldman Sachs, JPMorgan, Morgan Stanley and UBS AG. The Citigroup figures for 2008 and the first quarter of 2009 were those reported at the time, before the New York-based bank, which took $45 billion in government aid, restated its revenue after splitting its operations into Citicorp and Citi Holdings.
Explicabo incidunt porro ea aliquam eaque optio voluptatem ipsum. In et facilis dolorem est. Distinctio exercitationem sint sit porro enim. Enim illo consectetur consequatur et commodi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...