Economic news

Goldman Sachs loses its place among top commodity banks

Goldman Sachs Group Inc. has lost its place among the top three commodities traders for the first time in many years, according to data from Coalition Development Ltd.

J.P.Morgan Chase & Co. and Morgan Stanley were ranked first, followed by Citigroup Inc., Goldman Sachs, HSBC and Societe Generale, occupy fourth to sixth positions.

The incomes of the world's 12 largest investment banks from commodity trade last year fell to a lowest level since 2006. The total revenue from operations with commodities was $2.5 billion, dipping by 42% compared to 2016. 

Coalition includes Goldman Sachs Group Inc., JPMorgan Chase & Co., Citigroup Inc., Bank of America Merrill Lynch, Morgan Stanley, Deutsche Bank, Barclays, Credit Suisse, UBS, HSBC Bank Plc, BNP Paribas, Societe Generale among the world's largest investment banks. However, the analysis does not take into account the large Australian and Canadian banks and financial companies of emerging economies, which differ in the significant volume of operations with raw commodities.


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree