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

Bank earnings reports:

JP Morgan Chase:

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

Goldman Sachs:

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?


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