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Trading desks pull back from record highs as revenue expectations soften

Wall Street trading desks are coming down from a record high, even as bankers expect third-quarter revenue to be above normal.

Reported · Written up by our desk · Sectors

The Wall Street Journal reports that trading desks are dialing back from record highs, a shift that reflects expectations for revenue to cool from earlier in the year.

According to the outlet, bankers anticipate third-quarter revenue will be better than normal, but not enough to match the unusually strong gains seen earlier in 2024.

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Sources

WSJ MarketsWall Street’s Trading Desks Come Down From a Record High

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