| | |
| Brief Excerpt: | ...IB Results Strong: Investment Banking (IB) results in 3Q17 were strong on a year-over-year basis due to strength in advisory and debt underwriting amid a strong leverage finance market. Trading Results Down: Overall trading net revenue declined 15% year-over-year driven by continued declines in fixed income, currencies, and commodities (FICC) net revenue, while equity markets were flat year-over-year. Low Volatility Impacts FICC: Historically low volatility continued to weigh on overall FICC results as clients have not needed to transact to re-hedge positions. Firms cited credit and commodities products as particular areas of softness on the quarter. Higher Markets Buoy Equities: Equity markets revenue was flat year-over-year, as strong equity markets drove some client activity, particularly in cash equities, while derivatives activity levels declined year-over-year.... |
| | |
| Report Type: | |
| Company(ies) | Merrill Lynch & Co/USA
, MORGAN GUARANTY TRUST CO OF NEW YORK ET AL
, JPMorgan Chase & Co
, Bank of America Corporation
, Associates First Capital Corporation
, Bank of America NA
, Merrill Lynch & Co., Canada Ltd.
, The Goldman Sachs Group, Inc.
, Nationsbank Corp/Jacksonville
, FleetBoston Financial Corporation
, MBNA Corporation
, Morgan Stanley
, Citigroup Global Markets Holdings Inc.
, Citibank, National Association
, Countrywide Home Loans, Inc.
, Chase Capital II
, Bankamerica Capital III
, NB Capital Trust III
, First Chicago NBD Capital I
, Chase Capital III |
| Ticker(s) | BAC
, BHW
, C
, CFCB
, GS
, JPM
, MS |
| Issuer | ZAO Citibank |
| Format: | | PDF |  |
|
| |
