JPMorgan Chase & Co. is on pace to generate about the same amount of trading revenue in the second quarter as it did in the same period last year, Chief Executive Officer Jamie Dimon said.
JPMorgan, the biggest U.S. bank by assets, produced about $4.5 billion in trading revenue in the 2014 quarter, excluding businesses the bank has since sold, Dimon said Wednesday at an investor conference. The New York-based firm generated $5.67 billion in the first quarter, which is typically the strongest period of the year.
“It could easily be worse than that, or higher than that as volumes change and stuff like that,” Dimon, 59, said of the comparison to the year-earlier quarter. “We still have a month to go. And obviously the mix changes, equities a little bit better, certain things a little bit worse than last quarter.”