JPMorgan’s Fixed-Income Trading Tops Analysts’ Estimates: ChartBy
Improved trading revenue helped JPMorgan Chase & Co. beat analysts’ estimates in the second quarter. While profit fell 1.4 percent overall to $6.2 billion, fixed-income trading jumped 35 percent to $3.96 billion and equity trading rose 1.5 percent to $1.6 billion. The bank’s shares advanced in early trading.
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