JP Morgan leads US banks’ FX trading revenues

JPM tops FX trading revenues in 2023.jpg.webp

JP Morgan was the top US dealer for foreign exchange trading revenues in 2023, overtaking Citi to record more than $5.5 billion for the year, according to regulatory filings. 

The investment banking giant’s FX revenues were up 12% on 2022, making it one of only two US banks – the other being Wells Fargo – to record a year-on-year increase.

Citi reported the highest FX trading revenues of all US banks in 2022, but it saw them fall 15% last year to $5.4 billion, while Bank of America recorded a

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