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 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
Google search on FICC results for Year on year FICC performance
Filed under: FX, Paul Blank |
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