Albany, New York (09/26/2014) – According to the latest data released by Coalition, the banking industry analytics company, in the first half of 2014, the top-performing investment bank was JPMorgan Chase & Co. (NYSE:JPM). The bank generated a revenue amount of $11.5 billion and ranked first, in terms of deals advisory business as well as fixed income. Goldman Sachs Group Inc (NYSE:GS) and Deutsche Bank AG (USA) (NYSE:DB) followed JP Morgan. And these two were followed by others like Bank of America Corp (NYSE:BAC), Merrill Lynch Regional Bank HOLDRS ETF (NYSEARCA:RKH) as well as Citigroup Inc (NYSE:C).
At the 6th to 10th position were Morgan Stanley (NYSE:MS), Credit Suisse Group AG (ADR) (NYSE:CS), Barclays PLC (ADR) (NYSE:BCS), UBS AG (NYSE:UBS) and BNP Paribas SA (ADR) (OTCMKTS:BNPQY), respectively.
JP Morgan Keeps #1 Position Intact
Coalition started publishing the league tables for investment banks in the year 2010. Since then, JP Morgan has been leading in full-year tables. The results of the investment banks are closely monitored and analyzed by Coalition.
In terms of fixed income, currencies and commodities (FICC), JP Morgan was accompanied by Citigroup and Deutsche Bank. Together, these three banks brought the revenues worth $5.9 billion for the industry until June 2014 in the aforementioned sectors. In 2013, interestingly, JPMorgan Chase & Co. (NYSE:JPM) had alone generated $7.6 billion and topped the table in FICC.
Failing FICC Trading
It is noteworthy that the FIC trading has not managed to pick up since the economic turmoil of 2008. This has happened because of sinking rates of interest in developed nations, leading to crushed volatility. The returns of banks have dropped down considerable, because of new regulations that demand them to hold more quantity of capital against businesses.
According to Coalition, the FICC revenue for the entire year for top 10 investment banks at the global level will see the downfall of 9%, and sum up at $67.4 billion. However, given the better prospects of the interest rate in America, the forecast might also improve.