Wall Street Trading Revenue Seen Climbing on Fixed-Income: Chartby
JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. kick off U.S. lenders’ third-quarter earnings on Friday. Much of the focus will be on Wells Fargo, the San Francisco-based bank whose chief executive officer stepped down Wednesday amid a scandal in its vast branch network. Still, analysts expect fixed-income trading revenue at five of the biggest banks to climb 18 percent from a year earlier, according to estimates compiled by Bloomberg. That rebound should offset some seasonal weakness in equities, helping them post an 8 percent increase in overall trading revenue, analysts said.