Does This Signal a Crushing Blow for Wall Street?
The following video is from Wednesday's installment of The Motley Fool's daily Financials show, in which analysts Matt Koppenheffer and David Hanson highlight for investors the most important stock news from the financial sector.
Jefferies, a subsidiary of Leucadia National , has come out to say that its revenue from fixed income trading is down 27% year over year. Will a "tepid and cautious" bond market drag down this revenue stream for the other big banks as well? In this clip, David talks about the fixed income market and how it could affect Wall Street as a whole.
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The relevant video segment can be found between 1:30 and 2:34.
The article Does This Signal a Crushing Blow for Wall Street? originally appeared on Fool.com.David Hanson owns shares of Goldman Sachs and JPMorgan Chase. Matt Koppenheffer owns shares of Goldman Sachs, JPMorgan Chase, and Morgan Stanley. The Motley Fool recommends Goldman Sachs. The Motley Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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