Article by Shaw Financial
By ERIC DASH
Published: July 10, 2011
Only a few short months ago, JPMorgan Chase traders were on such a roll that they did not have a single losing day in the first quarter.
But when the bank reports its second-quarter results this week, that hot streak will have come to an end. Analysts expect JPMorgan to count an almost 20 percent drop in its sales and trading revenues, reflecting a slowdown in investor activity and the dismal performance of its fixed-income and commodities groups.
Bank of America, Citigroup, Goldman Sachs and Morgan Stanley are expected to report similar news. After helping prop up Wall Street during the financial crisis, core trading revenue is projected to