If you're looking for a hurricane and You're not sure what that hurricane Might look like on the horizon i think These numbers might speak to that Schneiderli basics had a chance to read Through it in some detail shania your Take on things yeah fascinating here John because you were looking for Trading to come and save the day and Even though you did see that boost in Fixed income it's not anywhere near what Wall street was expecting and remember Jp morgan with currency volatility with Fixed income volatility they are the Thousand pound gorilla in the room here So how does that fare then for morgan Stanley and goldman sachs and citigroup Which we're also hoping for trading to Save the day the equities beat was Interesting because as you know morgan Stanley is typically the leader in that Business there's a lot of question Hopping around on wall street on whether Jp morgan and goldman sachs are truly Taking share especially in the wake of Archaic ghosts remember that it feels Like a long time ago but again jp morgan Has been investing in that business While you see they're cutting in other Places they were the first bank remember To start cutting head count in the Mortgage business the charge-offs are Also interesting and the provisions for Loan losses came in a little bit higher
Than wall street was expecting the Caution here especially those suspension Of share buybacks will be notable and Will set the tone for everybody else Including the rest of corporate america
