Fixed Income Is the Star of Early Bank Earnings

The video discusses the surprising earnings results of major banks, focusing on fixed income and foreign exchange impacts. It highlights the role of institutional investors and market changes like Brexit. Upcoming earnings reports from banks like Goldman Sachs and Morgan Stanley are anticipated, with expectations set high after JP Morgan and City's performances. Wells Fargo's new CEO addresses the bank's crisis, setting low expectations for recovery. The video concludes with a look ahead to Goldman Sachs' report and its potential insights into the fourth quarter.

What irregularities were found by JP Morgan's internal review, and how did they characterize these findings?

What insights were sought regarding Goldman Sachs' performance in the upcoming report?