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WALL STREET EYES TRADING REVIVAL - FT's Ben McLannahan and Tom Braithwaite: "Wall Street banks are set to enjoy their best quarter from trading in three years after a resurgence in volatility caused by diverging monetary policies around the world. Combined revenues from trading fixed income and equities at JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs and Morgan Stanley could rise as high as $25bn in the first quarter, according to Barclays, compared with $21.6bn in the first quarter of 2014. ... At Morgan Stanley, analysts expect net income - boosted by improved trading revenues - to hit $1.55bn, its best result in more than seven years, or 31 quarters. At Goldman, first quarter fixed income trading revenues are expected to enjoy their first year-on-year rise since 2009.

"Last year, Wall Street's first-quarter revenues were the lowest since the financial crisis, when the engines of the big investment banks began to sputter. The start of the year is typically the strongest. Since the first quarter of 2009, total trading revenues have dropped about a third, with the starkest declines in the once-prized fixed income, currencies and commodities divisions." http://on.ft.com/1IIoMKc <http://go.politicoemail.com/?qs=34baa106ce55425a89db6e26b802101addf59b54f4267f0889a9079b1d8d31d8>


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com>
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