JPMorgan Chase & Co. (NYSE:JPM) Generates $11.5 Billion From Fixed Income And Advisory Deals In First Half Of Current Year To Top Investment Bank Space

Nicholas Maithya - September 26, 2014

Boston, MA 09/26/2014 (wallstreetpr) – Financial services provider, JPMorgan Chase & Co. (NYSE:JPM) generated more revenues from its fixed income and advisory deals in the first six-month period of the current year compared to its peers. As a result, it ranked top among the investment banking space in the first two quarters. The company has also been maintaining its position as a leader in the space for quite sometime.

Revenue Generation

The company has generated revenue of $11.5 billion in the first half of the current year, Reuters reported quoting Coalition, an industry analytics firm. Goldman Sachs Group Inc (NYSE:GS) and Deutsche Bank shared the second place.

Bank of America Merrill Lynch and Citigroup (NYSE:C) followed the top three. While Morgan Stanley (NYSE:MS) came in at the sixth place, Credit Suisse Group AG (ADR) (NYSE:CS) was ranked seventh. Barclays, UBS and BNP Paribas were ranked eighth, ninth and tenth respectively in the investment banking business.

Since Coalition started announcing its rankings from 2010, JPMorgan Chase & Co. (NYSE:JPM) has been ranked first in the investment banking division. The data, which is being monitored by the industry, would also place JPMorgan on its way to retain the top position in the current year too.

FICC Trading

In the fixed income, currencies and commodities or FICC segment, Deutsche Bank and Citigroup joined JPMorgan Chase & Co. (NYSE:JPM) as they were able to generate approximately $5.9 billion revenue each until June end. However, this indicated the falling revenue for JPMorgan since it suffered 22.4% drop in revenue from $7.6 billion last year same period. The falling trend was attributed to the cyclical and structure pressures that have hurt the FICC segments in the recent past.

Since the financial turmoil in 2008, FICC trading was witnessing a steady drop as low-interest rates partly impacted its results. This apart, new ruled also forced banks to retain more capital thus affecting its returns. This is quite evident from the way Coalition predicted the revenue to witness a 9% downtick of top ten investment banks to $67.4 billion in the current year.

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Nicholas Maithya

Nicholas is a Financial Analyst by profession, who enjoys writing about investments, technological developments, business, economics and other financial topics at various financial publications. Join him here on Wallstreetpr.com as he endeavors to deliver to you the latest breaking news on the above mentioned fronts. Contact him by email at [email protected] or follow Nicholas Kitonyi @nmaithyak on Twitter.

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