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| Best Global commodities house: JPMorgan | |
| Also nominated: Deutsche Bank and Morgan Stanley |
The energy price spike in 2011 has led banks’ commodities revenues to rebound after the relative oil-price stability of 2010. According to one study, the commodities revenues of a group of 10 of the world’s largest banks increased 55% in the first quarter.
This has also been the year in which JPMorgan secured its place in the commodities firmament. In March, research by US consultant Greenwich Associates found that JPMorgan had overtaken Goldman Sachs and Morgan Stanley as the world’s top energy trader, with 41% of over-the-counter energy trading, measured by client numbers.
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