JPMorgan reported third-quarter earnings on Tuesday that missed analyst estimates.
On a conference call following the earnings release, Chief Financial Officer Marianne Lake made a dark prediction for the fourth quarter.
"If markets remain at these levels, Q4 revenue will also be lower" than guidance, Lake said.
The bank's markets revenues of $4.3 billion were down 6% year-on-year.
Fixed income was down 11% year-on-year.
That reflected lower revenue in commodities and continued weakness in credit, which were partially offset by strength in currencies and emerging markets, according to the bank.
Source: Business Insider
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