Commodity Income at Top 10 Banks Seen Climbing 21% in First Half
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Commodities revenue at the 10 largest investment banks increased to the highest level in two years in the first half because of the performance of power and gas, according to Coalition Ltd.
Raw materials revenue at Goldman Sachs Group Inc., Morgan Stanley and a further eight companies expanded 21 percent to $3.3 billion from a year earlier, the analytics company said in a report today. It was the only asset class in the fixed income, currencies and commodities division to show an increase, according to data from the London-based company.