Bank of America: Can Trading Activity Rebound in 1Q18?
Goldman Sachs (GS), considered a major player, saw a steep decline in trading income for 2H17. Bank of America (BAC) and Citigroup (C) managed lower declines on a deployment of technology, penetration, and diversified offerings. In 1Q18, markets have seen a bumpy ride with a decline in valuations for equities, largely due to four rate hike expectations instead of three in the current year.