Securities Trading Revenues Set Record with a 28% Jump

By Rehm, Barbara A. | American Banker, July 2, 1997 | Go to article overview

Securities Trading Revenues Set Record with a 28% Jump


Rehm, Barbara A., American Banker


Bank revenues from securities trading soared nearly 28% in the first quarter to a record $2.38 billion, the Office of the Comptroller of the Currency said Tuesday.

"This really was a big quarter," said Michael L. Brosnan, the agency's director of treasury and market risk. "There was volatility in both interest rates and currencies, which generated business."

Eight large banks collected 86% of total trading revenues. Morgan Guaranty Trust Co. led the pack, earning $590 million. Citibank was a close second at $557 million. However, Morgan's $5.2 trillion portfolio of cash instruments and off-balance-sheet derivatives was more than twice the size of Citibank's, which was $2.5 trillion.

Chase Manhattan Bank's portfolio, $6.4 trillion, beat both Morgan and Citibank, but Chase's ranked third in trading revenues with $376 million.

Commercial banks earned $1.35 billion trading interest rate contracts in the first quarter, up $360 million from the fourth quarter. Revenues from foreign exchange positions dipped $77 million to $690 million. Revenue from other trading positions, including equities and commodities, increased 46% to $343 million.

Earnings from securities trading comprised 3% of gross revenues for all commercial banks and 8% for the top eight banks-the highest percentages since this data was first collected in 1995. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Securities Trading Revenues Set Record with a 28% Jump
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.