2nd Quarter FX Trading Proves Less Profitable Morgan Posts Disappointing $40 Million Gain


As expected, foreign exchange trading revenues at U.S. banks fell sharply from those posted in the first quarter of this year and returned to levels more in keeping with those reported in the same period a year ago (FX Week, July 12). J.P. Morgan, the first FX giant to release, kicked off the quarter with particularly disappointing FX trading gains of $40 million.

Though a number of the large U.S. banks still hadn't reported their second quarter earnings by press time, those that have, appear to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: