Big banks under pressure as execs suggest Q2 revenue slowdown
May 31, 2017 9:57 AM ETBank of America Corporation (BAC)BAC, JPM, GS, C, MSBy: Stephen Alpher, SA News Editor47 Comments
- Speaking at an investor conference, Bank of America (BAC -3%) CEO Brian Moynihan says to expect a year-over-year decline in Q2 trading revenue. Holding court at another conference, JPMorgan (JPM -1.8%) CFO Marianne Lake tells listeners that trading revenue is tracking lower by 15% Y/Y in Q2, and she's not expecting that trend to change in June.
- Other players: Citigroup (C -2.1%), Goldman Sachs (GS -2.4%), Morgan Stanley (MS -1.8%)