US Banks Trading Revenue Jumps 300% Over Last Quarter

Volatility in stocks and in foreign exchange markets has led to a boom in trading revenue for banks, up 44% year on year and an astonishing 334.8% over the last quarter.

The Office of the Comptroller of the Currency (OCC), one of the regulators that oversees banks, said:

“Consolidated bank holding company (BHC) trading performance provides a more complete picture of trading revenue in the banking system…

Consolidated holding company trading revenue of $24.9 billion in the first quarter of 2019 was $19.1 billion (334.8 percent) higher than in the previous quarter.

The quarter-over-quarter increase in trading revenue was driven by an $8.7 billion increase in revenue from equity derivatives as well as a $6.5 billion increase in combined interest rate and FX derivatives.

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#US #Wallstreet #Trading

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