J.P. Morgan Chase, the world’s biggest investment bank by revenue, said that trading revenue in the second quarter is likely to be about unchanged from a year ago amid charges related to taxes and accounting rule changes.
“Overall, markets revenue as we see it today will be flat year on year,” Co-President Daniel Pinto said Tuesday during a conference in New York. “The core activities will be up let’s say mid-single digits. Then we have a series of one offs that overall take that back down to flat.”
