Hard to believe something more systemic isn’t going on…

Sharing is Caring!

Bank earnings reports:

JP Morgan Chase:
www.jpmorganchase.com/content/da…2f7999.pdf

Quote:Total Markets revenue of $6.8 billion, down 30%,
with Fixed Income Markets down 44% and Equity
Markets up 13%

Goldman Sachs:
www.goldmansachs.com/media-relat…esults.pdf

Quote:Net revenues were $15.39 billion for the second quarter of 2021, 16% higher than the
second quarter of 2020 and 13% lower than the first quarter of 2021.

Why are these major banks losing double-digit revenue in a bullish market where the prices of everything are increasing?

See also  America’s Future is Not So Bleak as You May Be Inclined to Believe
See also  Teen gives perspective on what's really going on in schools
Trending:

Views: 1

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.