JPMorgan earnings miss expectations as bond trading revenues fall

What happened: JPMorgan reported earnings that missed expectations, with bond trading revenues falling. Wall Street banks are expected to post their worst trading results of the year after a record second quarter. Why it matters: The miss and the drop in bond trading point to a weaker quarter for bank trading desks, following an unusually strong second quarter across Wall Street. Coverage: 3 outlets in 24h

JPMorgan reported earnings that missed expectations, with bond trading revenues falling. Wall Street banks are expected to post their worst trading results of the year after a record second quarter.

The miss and the drop in bond trading point to a weaker quarter for bank trading desks, following an unusually strong second quarter across Wall Street.