tl;dr - JPMorgan reported a lower-than-expected quarterly profit as a slump in bond trading outweighed gains from higher interest rates and loan growth. Overall adjusted fixed income trading revenue fell 18 percent as investors fled commodities and credit trading markets due to spikes in volatility toward the end of 2018. Citigroup also cited the same reason for its sharp drop in fixed income revenue on Monday.
Submitted January 15, 2019 at 08:13AM by WhenLuggageAttacks http://bit.ly/2ssegWQ
