Quarter-on-Quarter: Who's winning; who isn't?
Analysts at Morgan Stanley have assembled some detailed tables looking at banks' performance on a quarterly basis since 1Q09. We've reproduced the information in them (in our own tables below).
The figures show a dispersal of market share in IBD, with big players losing out as the likes of BarCap make headway. Citigroup has lost out in most markets, but particularly in equities and FICC. Deutsche has made some remarkable equities gains as it rebalances its business. And when changes to the value of its own debt are factored in, RBS has substantially increased its share of global FICC revenues.
IBD revenue shares
Source: Morgan Stanley
Equities revenue shares
SocGen excl legacy assets.
Source: Morgan Stanley
FICC revenue shares
Barc and RBS inc credit marks; SocGen excl legacy assets.
Source: Morgan Stanley
