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Top 1000 World Banks - Battle of the US trading titans sees Goldman back on top

Goldman Sachs has topped the 2018 trading income table, with JPMorgan pipped into second place. Meanwhile, Brazilian banks have suffered a reversal in fortune. Joy Macknight reports.
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After ceding first position in the top 20 by trading income table to JPMorgan in the 2017 rankings, Goldman Sachs has regained its crown in 2018, realising a slight 2.3% increase in income, to $12.2bn. JPMorgan, on the other hand, saw its trading income contract by 4%, to $11.7bn, but maintains second position.

Citigroup comes in third, with a 5.2% increase, overtaking both Morgan Stanley and HSBC. Morgan Stanley, in fourth place, saw a 4.1% decline in trading income, while HSBC drops two positions into fifth due to a 18.3% reduction.

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Joy Macknight is the editor of The Banker. She joined the publication in 2015 as transaction banking and technology editor. Previously, she was features editor at Profit & Loss, editorial director at Treasury Today and editor at gtnews. She also worked as a staff writer on Banking Technology and IBM Computer Today, as well as a freelancer on Computer Weekly. She has a BSc from the University of Victoria, Canada.
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