Wall Street was expected to return to normal in 2022 after the pandemic sent it on a wild ride two years ago. It didn’t.
Major U.S. banks this week reported double-digit first-quarter earnings declines, ranging from an 11% decline at Morgan Stanley to a 46% decline at Citigroup Inc. These banks, along with Goldman Sachs Group Inc., JPMorgan Chase & Co. and Wells Fargo & Co. also all reported lower earnings.
https://www.wsj.com/articles/goldman-posts-lower-profit-in-mixed-quarter-for-wall-street-11649937059?mod=rss_markets_main Wall Street’s deal-making boom begins to sputter