JPMorgan’s First-Quarter Trading Revenue May Fall, Barnum Says

JPMorgan Chase & Co.’s first-quarter trading revenue could decline from a year ago, Chief Financial Officer Jeremy Barnum said.

In 2022, the first quarter was “exceptionally strong, so we would be thrilled if we could duplicate last year’s performance,” Barnum said Tuesday at a Credit Suisse Group AG conference. “As we sit here today our central case is to probably come in a little bit worse than last year but, obviously, we’re not even halfway through the quarter yet.”