06.09.2016 - Banks’ Commodity Woes Deepen as Energy and Metals Earnings Hit
It’s looking like another bad year for the biggest banks when it comes to commodities. Revenue from raw materials at Goldman Sachs Group Inc., JPMorgan Chase & Co. and 10 other top banks slid 25 percent in the first half to $2.2 billion from a year earlier, according to analytics firm Coalition Development Ltd. That was the lowest first-half amount in at least half a decade amid a "lackluster" performance across energy and industrial metals, the company said in a report on Tuesday...............................................Full Article: Source
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