The big banks on Wall Street, including Citigroup (NYSE:C) and JPMorgan Chase (NYSE:JPM), are telling investors to expect another down quarter for their fixed income trading operations. Will it ever turn around?
In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the cyclicality of the trading business and how investors should viewer the results. The two address the notion that "no one wants to buy bonds" and why that inactivity hurts the banks.
David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of Citigroup and JPMorgan Chase. The Motley Fool owns shares of Citigroup and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.