J.P. Morgan’s traders made a lot of big losses this year

Blue Denim JeansIf you work on the trading floor of an investment bank, 2018 has included some of the best and some of the worst of times. Or at least this looks like the case if you work for J.P. Morgan. The U.S. bank just released its 10Q filing showing gains and losses in its markets division for the first half of the year. They reveal that 2018 has been a wild ride.

As the chart below shows, January 2018 was an exceptional month for J.P. Morgan’s trading business. The bank made a trading profit on every day but one and there were two days when trading profits exceeded $100m. When volatility spiked in February, however, January’s big profits turned to big losses and the U.S. bank’s traders have never quite recovered their stride. Early June was good. Late June was…patchy.

Source: efinancial careers

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