US Banks Report Across-The-Board Declines In Q3 FX Trading Revenues
BANKS
US banks report across-the-board declines in foreign exchange trading revenues for the third quarter, as predicted by market analysts (FXW, October 7). Of the banks that have so far released earnings, the only bank to show an improvement in both year-over-year quarterly gains as well as year-to-date earnings, is JP Morgan (see table below).
Most of the banks are also showing lower results compared to the second quarter, which was also notable for its overall lower quarterly results, although
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