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Fortune
Fortune
Morgan Chittum

Financial executives are buying less of their own stocks. Should Wall Street be concerned?

(Credit: AFR Photo-Illustration by PETER BRAIG (Photo by Fairfax Media/Getty Images))

As Wall Street’s biggest banks prepare for Q3 earnings starting next week, in one sense things have never looked better. Trading desks have been setting records. Blockbuster public offerings like SpaceX in June have also given bankers plenty of reason to celebrate.

But are the people who know the business best starting to have doubts about how long the run can last? A new report from VerityData showed that the number of financial executives buying shares of their own companies fell to a nearly 23-year low during the July-to-September quarter.

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