Citigroup, JPMorgan Chase Post Declines in Bond Trading Revenue
Trading revenue was a weak spot for both JPMorgan Chase and Citigroup.
Trading revenue was a weak spot for both JPMorgan Chase (JPM) - Get Report and Citigroup (C) - Get Report , according to fresh earnings reports released on Thursday.
Shawn Snyder, head of investment strategy at Citi Personal Wealth Management said the financials sector overall is set to post declining earnings year-over-year, largely amid headwinds facing insurance companies, which are included in that group.
He expects bank earnings to rise about 5% year-over-year.
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