As Wall Street banks reported quarterly results this week, investors wondered about the staying power of the trading bonanza that has floated profits, offsetting problems in traditional lending businesses that have been hurt by the pandemic.As a result, investors put less weight on those results and more weight on areas that generate consistent income from loan payments or fees. “I don’t think investors typically pay a lot for positive trading results because they know that there’s a natural ebb and flow,” said Patrick Kaser, a portfolio manager at Brandywine Global. Strength in trading rarely triggers investors to ... (full story)