Wall Street’s Profit Engines Slow Down

[BoyRacer]

Wall Street’s Profit Engines Slow Down -> nytimes.com/2010/09/20/busin … .html?_r=1

Inside the great investment houses on Wall Street, business has taken a surprising turn — downward.
Even after taxpayer bailouts restored bankers’ profits and pay, the great Wall Street money machine is decelerating. Big financial institutions, including commercial banks, are still making a lot of money. But given unease in the financial markets and the economy, brokerages and investment banks are not making nearly as much as their executives, employees and investors had hoped.
After an unusually sharp slowdown in trading this summer, analysts are rethinking their profit forecasts for 2010.

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