Only a few short months ago, JPMorgan Chase traders were on such a roll that they did not have a single losing day in the first quarter. But when the bank reports its second-quarter results this week, that hot streak will have come to an end. Analysts expect JPMorgan to count an almost 20% drop in its sales and trading revenues, reflecting a slowdown in investor activity and the dismal performance of its fixed-income and commodities groups. Bank of America, Citigroup, Goldman Sachs and Morgan Stanley are expected to report similar news.
Wall St. banks expected to post weak 2nd-quarter results
Most Popular Articles
Latest Articles
Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.