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These are the banks, and these are the businesses within them, which you might want to be working for

Tricumen, a financial services research consultancy company set up by a former head of strategy for EMEA at JPMorgan, has produced an exemplary report on the performance of the top 11 banks in the third quarter and year to date.

We've taken the most interesting tables and embedded them in this article below. The first shows which banks have increased revenues and in which business areas during 2011 year- to-date. The second shows which banks are over-reliant on particular (possibly dying) revenue streams.

Unfortunately, you'll need to view the tables on a computer where Flickr isn't firewalled (Flickr being where we currently host our images).

For those who can't see the tables, here are some of the salient facts:

- Credit Suisse, Goldman Sachs and Morgan Stanley outperformed in terms of DCM revenues during the first nine months of the year

- Goldman Sachs, Morgan Stanley and JPMorgan outperformed in terms of loan origination and syndication revenues.

- BarCap, BNP Paribas and Credit Suisse outperformed in securitisation.

- BarCap, BNP and Deutsche outperformed in ECM revenues.

- BarCap, BNP and UBS outperformed in M&A revenues.

Basically, you get the point. In the first nine months of this year, most business areas at most banks underperformed. If you work in one that didn't, you're doing well. In general, each bank only had two or three areas of outperformance. Morgan Stanley seems to have done comparatively well all around. BAML seems to have done comparatively badly all round.

The second table suggests you might want to be working for Credit Suisse, which has an admirably diverse set of investment banking revenues. Conversely, you might want to avoid Citigroup, which looks even more reliant on FICC revenues than Deutsche or JPMorgan.

Revenues by business area year-to-date

Tricumen product revenues year to date

Source: Tricumen

Revenues distribution by bank

Tricumen revenue distribution

Source: Tricumen

author-card-avatar
AUTHORSarah Butcher Global Editor
  • RT
    RT
    29 November 2011

    lol

  • M&
    M&A guy
    28 November 2011

    "BarCap, BNP and UBS outperformed in M&A revenues."

    Based on the table, I think it should read "BoAML, BNP and UBS."

    Also, it would also be interesting to see HSBC in the tables as it is among the biggest in terms of revenues.

  • Sa
    Sarah, Editor, eFinancialCaree
    28 November 2011

    @reportseeker - I don't think it's publicly available.

  • Be
    Benjamin
    27 November 2011

    HSBC maybe?

  • Cr
    Crossman
    27 November 2011

    that is off course if senior mgmt feel that you can "fit in culturally!" (JP Morgan).

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The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.