September Expected To Lift FX Trading Gains At U.S. Banks In The Third Quarter, Analysts Say
BANKS
Foreign exchange trading gains likely surged in September and third quarter results will be more buoyant as a result, analysts and bank officials surveyed agree. Bankers Trust and Morgan Guaranty were most often cited among those most likely to benefit, though Citibank, Chemical, Chase Manhattan and Bank of America are also expected to gain.
"It was an extremely volatile period and trading was the most hectic I've ever seen it," says one foreign exchange official in New York, "those ingredients
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