Ficc revenues surge for US banks

The segment sees robust growth, with Morgan Stanley and JP Morgan the standout performers

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Following strong growth in the first three months of this year, US banks have continued to see an increase in revenues from fixed-income, commodities and currencies (Ficc) sales and trading, quarter-on-quarter, with Morgan Stanley and JP Morgan the standout performers.

Morgan Stanley saw a 44% surge in Ficc sales and trading to $1.3 billion, from $0.9 billion in the first quarter – the largest increase among US dealers. Despite the improvement, revenues were down compared with the $1.4 billion

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