Bank Of America And J.P. Morgan Showed Perfect Trading Records Last Quarter, Making Money On Every Trading Day

Posted By on November 9, 2010

There is a school of thought that says many markets are rigged….gasp.  When we see results such as these for the big Banks and Wall Street firms, it only serves to fan those fires, and in the process create more doubt about the fairness in the “new normal” markets!

Bank of America Corp. and J.P. Morgan Chase & Co.  the two biggest U.S. banks by assets, racked up perfect trading records for the second time this year, making money every day last quarter after accomplishing the same feat in the first three months of 2010.  Goldman Sachs Group Inc., which makes the most revenue on Wall Street trading stocks and bonds, had losses on two days in the third quarter while Morgan Stanley reported 10 losing days. Goldman Sachs and Citigroup Inc.  both showed perfect trading results during the first quarter.

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