JPMorgan Trading Revenue Drops 20% This Year in Global Rout

Updated on
  • Investment bank chief Daniel Pinto comments at investor day
  • Revenue from advising on corporate takeovers `is holding well'

The Takeaways From JPMorgan's Annual Investor Conference

JPMorgan Chase & Co.’s investment bank said revenue from sales and trading has tumbled about 20 percent this year, providing an early gauge of the pain inflicted on Wall Street’s biggest firms by the global market rout battering investors.

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