Market Watch
Mark DeCambre
May 31, 2017
Shares of some of the U.S.’s largest financial institutions are getting hammered Wednesday, led by a sharp drop in Goldman Sachs’s stock, as bank executives were signaling a slump in second-quarter trading, pointing to the possibility of woeful revenue figures in the financial sector.
“Performance is quite good, but there’s not a lot to trade around right now. … There haven’t been that many exciting events, and we need a few more of them.” J.P. Morgan Chase & Co. JPM, -2.09% CFO Marianne Lake said at an industry conference on Wednesday.
She said trading was on track to slip 15%, compared with the comparable period a year ago.
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http://www.marketwatch.com/story/low-volatility-low-yield-stock-market-is-crushing-goldman-jp-morgan-and-the-banking-sector-2017-05-31
