Bond Traders Hand Crown to Equities as US Banks Deliver Results - Bloomberg.com — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bond traders handed the crown to equities as US banks reported Q3 results, with the Wall Street trading desks seeing fixed-income fortunes vary across the four biggest US banks
- JPMorgan posted a surprise drop in fixed-income trading revenue for Q3, bucking expectations even as equities trading picked up
Why it matters: JPMorgan's surprise fixed-income decline signals that Q3 trading revenue across the biggest Wall Street desks is shifting away from bonds and toward equities — a rotation investors tracking bank earnings will weigh as a read on broader market activity.
Ask SkimNews
