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.