Investors Dump Banking Stocks
On Thursday, the four largest US banks by assets, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, saw $52.4bn wiped off their market value.
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Volatility Is Gone... According To Big Banks
Jamie Dimon, the CEO of JPMorgan Chase, said that trading revenue will drop to around $ 6B as the market volatility prompted by the pandemic fades away
Good News Is Bad News
The new normal in the stock and bond markets makes it more difficult for investors to build diversified portfolios.
Buyout-Loans Turn Sour
Brian Moynihan, the CEO of Bank of America, has constantly sounded upbeat about the American economy, leading the bank to provide substantial loans for the acquisitions of Twitter, Citrix, Nielsen, and other companies by private equity firms.
Thematic Investing Is Showing Cracks
According to a recent report from JPMorgan, the attractiveness of investing in thematic ETFs that target diverse topics like renewable energy, innovation in developing markets, robots and space exploration does not benefit the end investor in the long run.