JPMorgan took the lead in FICC business in Q1

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

It's Q1 data, so pretty old news, but JPMorgan (NYSE:JPM) jumped to the number one spot in the global FICC league table, according to Coalition. Tied for second were Goldman Sachs, Deutsche Bank, and Citigroup. One year ago, the Bank of Dimon was tied for first with Deutshce and Citi.

JPMorgan reported a 20% Y/Y increase in FICC revenue in Q1 versus 10% at Goldman, 9% at Deutsche, and an 11% decline at Citi.

Looking for Q2 clues, Bank of America chief Brian Moynihan says markets action is likely to be flattish to down Y/Y, while Jamie Dimon expects business to be flat.

Earlier this week, Jefferies (whose FQ2 ended May 31) reported fixed-income revenue down 29% Y/Y.

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