European Banks Seen Losing More Share Amid Bond Trading Upturn
- American firms gain in first-quarter fixed-income, equities
- Europe’s banks had lowest market share since crisis in 2016
Hasenstab Says Treasuries Are in Bubble That's Set to Pop
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European investment banks are set to lose more ground to U.S. rivals in fixed-income and equities trading when they report first-quarter results this week.
Barclays Plc, Deutsche Bank AG and UBS Group AG are all expected to post smaller increases in fixed-income trading revenue than the collective 24 percent jump reported by their five largest American counterparts, analysts estimate. While the U.S. firms eked out a gain in equities trading from a year earlier, Europe’s banks are estimated to report an overall decline.