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Commodities revenues soar as trading in other assets tank

Posted on 22 June 2011

FICC-like revenues have been cause for worry at a lot of top banks this year. But at least one area within that category has been hot: Commodities trading. It’s something that has rebounded nicely, though it remains to be seen whether commodities revenues can provide a stable medium-term boost that banks desperately need.
Top banks like Goldman Sachs, JP Morgan, Morgan Stanley and others raked in $2.7 billion in commodity and other trading revenue in the first quarter, the highest in at least two years, according to OCC data……………………………………….Full Article: Source


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