Revenue dropped 36% to $2.92 billion, or $1.33 per share. Analysts had anticipated $1.31.
Income slipped 1% to $19.44 billion. Analysts had anticipated $19.34 billion.
Within the institutional shoppers group, which incorporates funding banking and buying and selling, income fell 9% to $10.44 billion.
Buying and selling income fell 13%, with fixed-income buying and selling down 13% and equities down 10%.
In funding banking, which incorporates charges from mergers and promoting company inventory and debt, income plunged 24% to $612 million.
Its enterprise that banks large corporations around the globe and helps them transfer cash continued to profit from elevated rates of interest and cash flows, with income up 15% to $3.5 billion.
Within the client financial institution and wealth administration unit, income rose 6% to $6.4 billion.