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First Quarter 2017 Bank Trading Revenue Increased to $7.1 Billion
On Monday, July 2, 2017, OCC report findings indicating trading revenue of U.S. commercial banks and savings associations increased to $7.1 billion in the first quarter 2017, $1.5 billion, or 26 percent, higher than the first quarter a year earlier.
In the report, the OCC also noted that trading revenue in the first quarter 2017 grew 18 percent compared with the $6 billion reported in the fourth quarter 2016. While there seems to be a seasonality to the revenue increase in the first quarter 2017, the largest driver of the year-over-year increase in trading revenue was interest rate and foreign exchange trading.