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What you need to know on Wall Street today

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JPMorgan kicked off bank earnings season this morning, beating estimates with commercial banking and asset and wealth management posting record profits. Fixed income trading dropped sharply, as expected, but CEO Jamie Dimon wasn’t too fussed.

“Who cares about fixed-income trading in the last two weeks in June?” he said. “I mean seriously?”

Dimon went on to say Dimon things, sounding the alarm on the political gridlock in the US, telling Wall Street analysts that it was “almost an embarrassment being an American citizen read more >>>

Source:: BusinessInsider.Com

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