On the surface, it seems like it should have been a good day for the bankers. After all, US regulators unveiled plans to propose new capital requirements half as burdensome as their. But big bank executives delivered mostly tempered and cautionary comments around the uncertainty of earnings going forward at a New York conference hosted by Barclays on Monday and Tuesday.) stocks all fell Tuesday, though the selling pressure eased by the mid-afternoon.
JPMorgan’s stock fell as much as 6.8%, its biggest intraday drop since June 2020. Pinto’s comments follow those echoed by CEO Jamie Dimon and CFO Jeremy Barnum that the bank has been over-earning in recent quarters.that trading revenue is expected to fall 10% in the third quarter from a year ago.
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