Among 2020’s many oddities, add this paradox: The stock market is crushing the banks, even as the banks are crushing it in the market. After warning that their trading revenues would fall steeply from the second quarter, several top banking executives recently said that the third quarter wasn’t as bad as they had feared. Clients remained active through the normally dull July and August, and September delivered a fresh bout of market volatility.

Source: Wall Street Journal September 24, 2020 09:33 UTC