What’s Going On Here? JPMorgan became the 1st investment bank to reveal its first-quarter results – and they seemed to like what they saw. What Does This Mean? While JPMorgan’s total revenue was slightly lower than investors had predicted, the bank did well where it mattered most. Its “net interest income” was higher than expected,…
Tag: trading
Ep 87: Step Right Up
What’s going on? US investment bank JPMorgan Chase proved its strength and won a prize when it announced financial results: its 2019 was the most profitable year for any US bank ever. What does this mean? JPMorgan reported a 21% surge in profit last quarter: largely driven by a 56% increase in trading revenue. Bond trading was…
with HT 