JP Morgan shares dive on $1bn fall in bond trading revenues

 
Tim Wallace
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THE CRUNCH in bond trading revenues hit JP Morgan’s shares again yesterday after the bank warned revenues are weak again this quarter.

Fixed income and equities trading revenues in the second quarter are on track to fall by around 20 per cent compared with the same period of 2013, the bank warned in a regulatory filing on Friday night.

The drop will hit revenues by more that $1bn (£593m), from $5.4bn a year ago to $4.3bn in the current quarter. JP Morgan shares fell 2.45 per cent yesterday.