Trading Lifts JPMorgan’s Revenue [VIDEO]
July 17, 2016
A rebound in the capital markets lifted revenue at JPMorgan Chase in a quarter rocked by Brexit. Fixed income trading was particularly strong. Fred Katayama reports.
Strong results at JPMorgan Chase in a quarter rocked by Britain’s vote to leave the European Union. A rebound in the capital markets lifted revenue. Trading revenue at the U.S.’ largest bank grew 23 percent. Currencies and emerging market bonds fueled fixed income trading in particular. And mortgage and commercial real estate helped boost loan growth by 11 percent.