JPMorgan's trading desk is taking a breather.
Revenue from trading stocks and bonds fell in the third quarter from the prior period. Executives had cautioned during the quarter that the third quarter wouldn't be as sweet as the second for trading.
Markets revenue from fixed-income, currencies and commodities was down 4% from the prior-year period and 11% from the second quarter. Equity markets revenue rose 49% from a year ago, but fell 18% from the second quarter.
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