HSBC Results – strong start to year from markets division

Following yesterday’s dismal results from Barclay’s dragged down by weak 41% drop in income from FICC, today HSBC by contrast reports a good set of results from their markets division.

HSBC Global Banking and Markets (GB&M) reported first quarter income of $2,225mln almost unchanged from the $2,231mln in Q1 2013. Whilst year on year performance was almost unchanged, Equities (+36%) was the star performer followed by Credits (+14%), with falls from Rates (-13%) and FX (-8%).

However the Markets division got off to a flying start in the Q1 2014 with a 72% increase in income, following a subdued Q4 2013, with a very strong rebound in Rates (+1,478%) and Credits (+125%) and most gains in FX (+16%) and Equities (+10%).

Below is table showing Global Banking and Markets income.

Full report here (my data from table on page 21)

HSBC Markets

 HSBC Table and chart showing year on year and qtr/qtr performance of Markets Division

Below is Table from yesterday’s post now with addition of HSBC results

FICC revenuesGoogle search on FICC results for Year on year FICC performance

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