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JPMorgan Disappoints: FICC Fail Drives First Profit Miss In 15 Quarters
Well, it doesn't look like Citi was a fluke.
On Monday, some fretted when the bank turned in grievous FICC results, which betrayed a 21% swan dive in the segment's trading revenue in Q4. That appeared to suggest that while volatility might have been a boon for some bank results early in 2018, last quarter might have been a different story. By the end of the day, Citi had recovered (and then some) but the question was what it presaged for bank results on the whole.
Fast forward to Tuesday and
There fixed people seemed to be off the mark all quarter.
Alabama gets blown out in a championship game, and now there is a typo in a Heisenberg headline. 2019 will be a difficult year to navigate.
Listen, when I write “Frist” I mean “Frist”.
there’s a frist time for everything.
I remember my frist hamberder
JPM falls all the way…to where it was on January 3. Something is seriously wrong. Believing in market valuations right now is like believing in witchcraft. Or a large orange monster with a horn on top of his head.