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15:33","market":"us","language":"en","title":"Wall Street Banks Warn Their Trading Boom Is Over","url":"https://stock-news.laohu8.com/highlight/detail?id=1149721648","media":"wsj","summary":"The Wall Street boom is petering out at U.S. banks.\nFor much of 2020 and through the first quarter o","content":"<p>The Wall Street boom is petering out at U.S. banks.</p>\n<p>For much of 2020 and through the first quarter of this year, the biggest U.S. banksposted blockbuster resultsfrom trading stocks and bonds and advising companies on deals. The Federal Reserve flooded the market with money, companiesraced to sell new debtand go public, andtraders on Redditand from big institutions moved those securities quickly. Banks at the middle of all of those transactions reaped the rewards.</p>\n<p>Now, executives are warning that their market revenue is tumbling, at least compared with the past year.</p>\n<p>JPMorgan Chase & Co. Chief Executive James Dimon said at a financial conference this week that his firm’s trading revenue, both fixed-income and equities, would be over $6 billion in the second quarter. That would be down some 38% from the year-ago period, whenthe bank made a record $9.7 billion.</p>\n<p>“Still pretty good” is how Mr. Dimon described it. Indeed, $6 billion would have been near a quarterly record at any time before 2020.</p>\n<p>CitigroupInc.Chief Financial Officer Mark Mason warned second-quarter trading revenue will be down about 30% from the prior year, with a drop-off in fixed-income trading.</p>\n<p>Bank executives have warned in recent quarters that their substantial gains didn’t seem sustainable.Morgan StanleyCEO James Gorman said this week that revenue from fixed-income trading would slip, but that it appeared things were normalizing.</p>\n<p><img src=\"https://static.tigerbbs.com/8b04cf3b1575dfc4d1d466160aae2293\" tg-width=\"826\" tg-height=\"753\" referrerpolicy=\"no-referrer\"></p>\n<p>“Obviously, it won’t be where we were in the first quarter, which was gangbusters, or a year ago,” Mr. Gorman said. “They were the two best quarters by far in our history, but certainly not a bad quarter and some really encouraging signs.”</p>\n<p>Messrs. Gorman and Dimon both said deal-making revenue could remain strong for the quarter.</p>\n<p>The figures, while arguably bleak, aren’t worse than analysts had expected. Revenue for Wall Street banks is widely forecast to fall this quarter.</p>\n<p>Bank shares have been ona record pace to start the year, and turned around recent declines Wednesday afternoon when the Fed signaled it may increase interest rates sooner than expected. Increased interest rates can translate into higher lending margins for banks.</p>\n<p>For the year, the KBW Nasdaq Bank Index is up 31% while the S&P 500 has risen about 12%, though the bank index has underperformed so far in June.</p>\n<p>JPMorgan and Morgan Stanley eked out small gains Wednesday after falling earlier in the session. Citigroup shares slid 3.2% to $71.46, marking their 10th straight decline. They have lost 10.5% over that time.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Banks Warn Their Trading Boom Is Over</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Banks Warn Their Trading Boom Is Over\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 15:33 GMT+8 <a href=https://www.wsj.com/articles/wall-street-banks-warn-their-trading-boom-is-over-11623858452?mod=hp_lista_pos4><strong>wsj</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Wall Street boom is petering out at U.S. banks.\nFor much of 2020 and through the first quarter of this year, the biggest U.S. banksposted blockbuster resultsfrom trading stocks and bonds and ...</p>\n\n<a href=\"https://www.wsj.com/articles/wall-street-banks-warn-their-trading-boom-is-over-11623858452?mod=hp_lista_pos4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.wsj.com/articles/wall-street-banks-warn-their-trading-boom-is-over-11623858452?mod=hp_lista_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149721648","content_text":"The Wall Street boom is petering out at U.S. banks.\nFor much of 2020 and through the first quarter of this year, the biggest U.S. banksposted blockbuster resultsfrom trading stocks and bonds and advising companies on deals. The Federal Reserve flooded the market with money, companiesraced to sell new debtand go public, andtraders on Redditand from big institutions moved those securities quickly. Banks at the middle of all of those transactions reaped the rewards.\nNow, executives are warning that their market revenue is tumbling, at least compared with the past year.\nJPMorgan Chase & Co. Chief Executive James Dimon said at a financial conference this week that his firm’s trading revenue, both fixed-income and equities, would be over $6 billion in the second quarter. That would be down some 38% from the year-ago period, whenthe bank made a record $9.7 billion.\n“Still pretty good” is how Mr. Dimon described it. Indeed, $6 billion would have been near a quarterly record at any time before 2020.\nCitigroupInc.Chief Financial Officer Mark Mason warned second-quarter trading revenue will be down about 30% from the prior year, with a drop-off in fixed-income trading.\nBank executives have warned in recent quarters that their substantial gains didn’t seem sustainable.Morgan StanleyCEO James Gorman said this week that revenue from fixed-income trading would slip, but that it appeared things were normalizing.\n\n“Obviously, it won’t be where we were in the first quarter, which was gangbusters, or a year ago,” Mr. Gorman said. “They were the two best quarters by far in our history, but certainly not a bad quarter and some really encouraging signs.”\nMessrs. Gorman and Dimon both said deal-making revenue could remain strong for the quarter.\nThe figures, while arguably bleak, aren’t worse than analysts had expected. Revenue for Wall Street banks is widely forecast to fall this quarter.\nBank shares have been ona record pace to start the year, and turned around recent declines Wednesday afternoon when the Fed signaled it may increase interest rates sooner than expected. Increased interest rates can translate into higher lending margins for banks.\nFor the year, the KBW Nasdaq Bank Index is up 31% while the S&P 500 has risen about 12%, though the bank index has underperformed so far in June.\nJPMorgan and Morgan Stanley eked out small gains Wednesday after falling earlier in the session. Citigroup shares slid 3.2% to $71.46, marking their 10th straight decline. They have lost 10.5% over that time.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161813326,"gmtCreate":1623916936365,"gmtModify":1634025909588,"author":{"id":"3583821827943481","authorId":"3583821827943481","name":"Tida","avatar":"https://static.tigerbbs.com/396dd2343dccd2b111b76f8d4eed1512","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583821827943481","idStr":"3583821827943481"},"themes":[],"htmlText":"Ya that's is sad ","listText":"Ya that's is sad ","text":"Ya that's is 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15:48","market":"us","language":"en","title":"ORPH Stock: What to Know as Orphazyme Pops Again Ahead of June 17 Catalyst","url":"https://stock-news.laohu8.com/highlight/detail?id=1103057922","media":"investorplace","summary":"The meme stock crowd have their sights set on new targets and orphan drug treatment company Orphazym","content":"<p>The meme stock crowd have their sights set on new targets and orphan drug treatment company <b>Orphazyme</b>(NASDAQ:<b><u>ORPH</u></b>) is up nearly 90% today as a result. ORPH stock has been trading jaggedly since last week,at one point up more than 1,000% on Friday, June 11.</p>\n<p>Trading volume of 115 million shares on the day at time of writing was dramatically up from an average daily trading volume of 1.3 million. Orphazyme management released a press release on Friday saying there wasno reason for the stock movement.</p>\n<p>The U.S. Food and Drug Administration has set areview date of June 17 for ORPH stock’s key drug candidate ariclomal, which will be used to treat Niemann-Pick Disease Type C.</p>\n<p>The company is also exploring the efficacy of ariclomal in treating other orphan diseases, though that endeavor hasn’t yielded positive results yet. Two different Phase 2/3 trials for treatment ofInclusion Body MyositisandAmyotrophic Lateral Sclerosisdid not meet their primary and secondary endpoints. In the company’s 2020 annual report, released in March 2021,addressable markets for IBM and ALS made up 45,000 of 62,000 patientsacross the four diseases discussed.</p>\n<p>ORPH stock is presently covered by two analysts, with aprice consensus of $16. That’s more than 15% lower than its current price of $18.88.Meme stock traders have announced their intentionto send Orphazyme to the moon, but it’s hard to believe the stock won’t deflate following FDA results, even if positive.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ORPH Stock: What to Know as Orphazyme Pops Again Ahead of June 17 Catalyst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nORPH Stock: What to Know as Orphazyme Pops Again Ahead of June 17 Catalyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 15:48 GMT+8 <a href=https://investorplace.com/2021/06/orph-stock-what-to-know-as-orphazyme-pops-again-ahead-of-june-17-catalyst/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The meme stock crowd have their sights set on new targets and orphan drug treatment company Orphazyme(NASDAQ:ORPH) is up nearly 90% today as a result. ORPH stock has been trading jaggedly since last ...</p>\n\n<a href=\"https://investorplace.com/2021/06/orph-stock-what-to-know-as-orphazyme-pops-again-ahead-of-june-17-catalyst/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://investorplace.com/2021/06/orph-stock-what-to-know-as-orphazyme-pops-again-ahead-of-june-17-catalyst/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103057922","content_text":"The meme stock crowd have their sights set on new targets and orphan drug treatment company Orphazyme(NASDAQ:ORPH) is up nearly 90% today as a result. ORPH stock has been trading jaggedly since last week,at one point up more than 1,000% on Friday, June 11.\nTrading volume of 115 million shares on the day at time of writing was dramatically up from an average daily trading volume of 1.3 million. Orphazyme management released a press release on Friday saying there wasno reason for the stock movement.\nThe U.S. Food and Drug Administration has set areview date of June 17 for ORPH stock’s key drug candidate ariclomal, which will be used to treat Niemann-Pick Disease Type C.\nThe company is also exploring the efficacy of ariclomal in treating other orphan diseases, though that endeavor hasn’t yielded positive results yet. Two different Phase 2/3 trials for treatment ofInclusion Body MyositisandAmyotrophic Lateral Sclerosisdid not meet their primary and secondary endpoints. In the company’s 2020 annual report, released in March 2021,addressable markets for IBM and ALS made up 45,000 of 62,000 patientsacross the four diseases discussed.\nORPH stock is presently covered by two analysts, with aprice consensus of $16. That’s more than 15% lower than its current price of $18.88.Meme stock traders have announced their intentionto send Orphazyme to the moon, but it’s hard to believe the stock won’t deflate following FDA results, even if positive.","news_type":1,"symbols_score_info":{"ORPH":0.9}},"isVote":1,"tweetType":1,"viewCount":1493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161869504,"gmtCreate":1623918029508,"gmtModify":1634025896867,"author":{"id":"3583821827943481","authorId":"3583821827943481","name":"Tida","avatar":"https://static.tigerbbs.com/396dd2343dccd2b111b76f8d4eed1512","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583821827943481","idStr":"3583821827943481"},"themes":[],"htmlText":"Great idea","listText":"Great idea","text":"Great idea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161869504","isVote":1,"tweetType":1,"viewCount":728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161815707,"gmtCreate":1623917179609,"gmtModify":1634025905687,"author":{"id":"3583821827943481","authorId":"3583821827943481","name":"Tida","avatar":"https://static.tigerbbs.com/396dd2343dccd2b111b76f8d4eed1512","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583821827943481","idStr":"3583821827943481"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161815707","repostId":"1174074466","repostType":4,"isVote":1,"tweetType":1,"viewCount":894,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}