It was earnings day for the sixth largest bank in the U.S. – and it wasn’t pretty. Revenue is down though profits were up compared to the first quarter of this year.
Earnings: $564 Million or 29 Cents Per Share
Reported earnings from the investment bank, compared with a loss of $558 million or 38 cents per share, in the year-ago quarter. Equity trading revenue fell 34 percent to $1.22 billion.
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio