LONDON, Jan 23 (Reuters) - Commodities-related revenue atthe 12 biggest investment banks rebounded in the fourth quarterdue to stronger activity in the energy sector, a report byfinancial industry analytics firm Coalition said on Monday.
Revenue from commodity trading, selling derivatives toinvestors and other activities in the sector jumped by 20-25percent in the final three months of 2016 compared with the sameperiod the previous year, it said in a preliminary report,without giving a figure in dollars.
The rise was largely due to "structured deal activity inU.S. natural gas and improved conditions in oil trading", itsaid.
Commodity revenue in the first nine months of last year fell22 percent to $3.1 billion due to weak industrial metals tradingand lacklustre investor interest, Coalition said in November.
Coalition tracks Bank of America Merrill Lynch,Barclays, BNP Paribas, Citigroup,Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley,Societe Generale and UBS.
(Reporting by Eric Onstad)
Barclays (BARC)
HSBC Holdings (HSBA)
