News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

JPMorgan and Bank of America predict fourth-quarter trading falls

Banks expect trading to drop 15% as volatility remains near all-time lows

JPMorgan and Bank of America predict fourth-quarter trading falls

Bank executives are flagging another tough quarter for trading as quiet markets again hurt a key Wall Street business, WSJ reports.

Bank of America chief executive Brian Moynihan said at a banking conference in New York on Tuesday that trading revenue is likely to fall about 15% in the fourth quarter compared with the year-earlier period.

WSJ Logo