Big Five U.S. Banks Brace for 11% Dip in Trading Revenue
After four straight quarters of rising income from trading, the biggest U.S. investment banks spent the past few months in a renewed slump. Shareholders will soon see how dull it’s been. Analysts estimate the five largest firms will say their combined revenue from trading dropped 11 percent from a year earlier to $18.4 billion -- the smallest haul for a second quarter since 2012. The banks start posting results Friday.