Earnings Roundup: How Did the Big Banks Fare?

By James Gard

Despite a record end to 2017 for U.S. stock markets as whole, profits at the major U.S. investment banks have taken a hit in the last quarter of the year. Unusually low volatility in equity markets and lower transactions in fixed-income or bond markets have harmed trading divisions' profits. does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.