It is relevant to look at fixed income trading revenues thus far for the banks that have reported...
Curious to see what people think in terms of this.
For Q1:
1. JP Morgan, Revenue: 4.75 Billion, Down 5% YoY
2. Citigroup, Revenue: 4.62 Billion, Down 3% YoY
3. BofA, Revenue: 3.3 Billion, Down 20% YoY
4. Goldman Revenue: 3.26 Billion, Down 9% YoY
5.Morgan St. Revenue: 1.5 Billion, Down 42% YoY
Q1 Euro Banks (2012)
Deutsche Bank: 3.4 Bln Euros (so 4.42 Billion)
Barclays : 2.4 Bln Pounds (so 3.6 Billion)
Clearly JP has been the fixed income leader now for ahwile, but interesting to see the strength at Citi. Clearly seems you want to avoid MS for fixed income if you can choose between firms.
And if regulatory issues, management changes will affect Barclays numbers this quarter...
