Morgan Stanley brought in the most revenue from commodities of any of the major ...
FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson
The bank beat rival JPMorgan into second place and Citibank and Goldman Sachs into joint third in Coalition’s ranking of the twelve largest global investment banks’ commodities businesses. For Goldman, traditionally a major force in commodities, it is a partial return to form after it fell from the top three in 2017, after its commodities business suffered one its worst years on record.Coalition did not give figures for each bank, but said in February overall revenues at the top twelve investment banks from commodity trading, selling derivatives and other activities in the sector were $3.6 billion last year, up 45 percent from 2017.
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