First-half trading revenues at US G-Sibs increase by a third year-on-year

The first half of 2019 saw US systemically important banks generate the highest trading revenues for at least five years, regulatory reports show.

Total trading revenues over the six months to end-June at JP Morgan, Citi, Bank of America Merrill Lynch, Morgan Stanley, Goldman Sachs, Wells Fargo, BNY Mellon and State Street hit $39.9 billion, up 33% on the first half of 2018, and more than doubling the total reported for the second half of 2018.

Revenues related to equities and equity indexes