On a year-over-year basis, equity trading revenues were up in the second quarter, while fixed-income, commodities and currencies trading revenues were down.
Equity trading revenues of approximately $14.4 billion were up 17.6% from the second quarter of 2014, “with the U.S. faring better than Europe,” according to a Keefe, Bruyette & Woods report released Tuesday. Among the top ten banks by equities trading market share, HSBC increased its market share of revenues the most on a year-over-year basis (up 2.4 percentage points to 4.4%). Credit Suisse lost the most market share (1.3 percentage points to 9.2%).
On the FICC side, trading revenues of about $20.1 billion were down 12.1% from the second quarter of 2014. Citigroup had the highest market share of trading revenues (15.2%), followed by J.P. Morgan (14.6%) and Deutsche Bank (11.6%).
