Top executives at JP Morgan and Bank of America Merrill Lynch have indicated that the second quarter of 2017 will not be much of a boon for bank traders as the first, write Christina Rexrode and Emily Glazer for The Wall Street Journal.

Marianne Lake, the chief financial officer at JP Morgan, and Brian Moynihan, chief executive of BAML, told separate conferences this week their banks' markets revenues would fall year-on-year in the second quarter. At JP Morgan, Lake said revenues for the period were currently 15% off the pace.