Capital Markets Momentum Fades: What it Means for Big Banks in Q3
Zacks Investment Research reports that capital markets momentum is fading in the third quarter, raising the risk of uneven results for big banks including BAC, JPMorgan, Goldman Sachs, Morgan Stanley, and Citi.
Why it matters — A BAC observer would care because weakening capital markets activity could weigh on the bank's investment banking and trading results in Q3.