Bank trading revenues head for 10%-15% drop

摘要

JP MORGAN and BANK OF AMERICA MERRILL LYNCH warned trading revenues in the current quarter are set to fall at least 10% from a year ago as a lack of market volatility has slowed activity following the strong start to the year. JP Morgan said its trading revenues were down about 15% and BAML said its sales and trading revenues were set to be down 10%-12% from a year ago. Both said that was against a robust second quarter a year ago, however.