JPMorgan Sees Better-Than-Forecast Trading Revenue This Quarter
- Results particularly strong in equities, Marianne Lake says
- Investment banking to be down less sequentially than forecast
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JPMorgan Chase & Co. is expecting third-quarter trading and investment-banking results to be better than the firm earlier forecast, according to Marianne Lake, co-head of the firm’s consumer and community bank.
Markets revenue will likely be down 10% from a year earlier, Lake said Tuesday at an investor conference hosted by Barclays Plc. Results are particularly strong in equities -- “better than we expected at second-quarter earnings,” she said.