The same volatility that has boosted banks’ stock-trading business is hampering their fixed-income, commodities and currencies desks, setting Wall Street up for another tepid quarter. The two biggest U.S. trading banks, JPMorgan Chase & Co. and Citigroup Inc., expect to report lukewarm results in their markets businesses for the third quarter. JPMorgan said this summer it anticipated a small decline from the year-ago period, while Citigroup said it might record a small uptick.

Source: Wall Street Journal September 30, 2018 15:56 UTC