Profit-making trading days at systemic US banks soared in 2020
Citi had the most winning days of the G-Sibs in 2020, with 170
Last year witnessed the wildest financial markets in over a decade. Top US banks came out of it with the most winning trading days in at least five years.
Over the 12-months to end-December, the eight US global systemically important banks (G-Sibs) collectively reported 1,187 profit-making trading days – 148 each on average. There were 253 trading days in the US in 2020. This means banks booked trading profits on roughly 59% of days in which markets were open.
This was higher than the 56%
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