JPMorgan Joins BofA in Perfect Record for First-Quarter Trading
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JPMorgan Chase & Co., the second-largest U.S. bank by assets, joined Bank of America Corp. in reporting a perfect trading period in the first quarter.
JPMorgan’s revenue linked to market risk was higher than $160 million on seven of the period’s 64 trading days, the New York-based lender said today in a filing with the U.S. Securities and Exchange Commission. The average daily revenue was $112 million, according to the filing.