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Morgan, BofA Close Book On Uninspired Bank Earnings
The last of Q4's big bank earnings came in mixed Wednesday, as Bank of America and Morgan Stanley delivered decent results that allayed some fears around expenses, even as they generally failed to inspire.
Trading was the Achilles' heel for Wall Street last quarter. JPMorgan, Citi and Goldman all came up short in Markets, and Wednesday's reports did little to change that narrative.
FICC revenue at BofA was $1.57 billion in Q4, short of the $1.76 billion consensus expected. Equities was essenti
