"One bond trader says he’s been slipping out early to watch his kids play sports. A fund manager says his office just staged a golf retreat. A trading supervisor at another bank confides he’s swiping through a lot of profiles on Tinder, the dating app.Bored Traders on Tinder Are a Symptom of Wall Street Revenue Dip - Bloomberg
Welcome back, Wall Street, to the doldrums.
After four straight quarters of rising income from trading, the biggest U.S. investment banks spent the past few months in a renewed slump. Shareholders will soon see how dull it’s been. Analysts estimate the five largest firms will say their combined revenue from trading dropped 11 percent from a year earlier to $18.4 billion -- the smallest haul for a second quarter since 2012. The banks start posting results July 14."
Tuesday, July 11, 2017
Bored Traders on Tinder Are a Symptom of Wall Street Revenue Dip - Bloomberg
Trump era economic leading indicators