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Barclays, BNP Show Boost for Equity Traders Who Dodged Archegos This content was published on April 30, 2021 - 13:36 April 30, 2021 - 13:36 (Bloomberg) Booming stock markets and retail-investor fueled volatility have delivered the best quarter in years for many European banks’ equity trading desks, mirroring gains at their U.S. counterparts. On Friday, Barclays Plc said the first quarter was the “best ever” for its equities unit, which reported a 65% year-on-year jump in revenue to more than $900 million, while BNP Paribas SA posted its highest earnings from equities since 2018. With stock markets on a tear, a raft of European companies rushed to sell shares to keep up with Wall Street’s SPAC-listing boom. For banks it meant bumper fees, and BNP Paribas said the volumes handled by its equity capital markets team were three times what it saw in the same quarter a year ago. And while both Barclays and BNP were spared any fallout from the implosion of the U.S. hedge fund

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