After accounting for effects from tax reform, JPMorgan posted a solid quarter, announcing earnings of $1.69 share Friday. Its trading business, expectedly, declined — fixed income revenues dropped 27% after including effects from tax reform. But it was the equities team that posted the most interesting figure: It took a $143 million loss from a single client. Apart from that hit, the equities business actually had a solid performance. Here's what JPMorgan said about the peculier loss in its earnings presentation (emphasis ours): "Equity Markets revenue was flat compared to a strong prior year and included the ... (full story)