Trump bond trading revival boosts Wall Street profits

A bond trading revival sparked by the unexpected election of Donald Trump as the next US president has boosted profits at Wall Street giants JP Morgan and Bank of America. Both firms have posted rising revenues at their fixed income businesses during the final three months of last year after Mr Trump’s surprise victory galvanised trading among investors. JP Morgan, the biggest US bank, enjoyed a 31pc jump in fixed income trading revenues to almost $3.4bn in the fourth quarter, while BoA, A