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JP Morgan says second-quarter trading revenue about flat from year ago

May 29, 2018

Via: CNBC
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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.”

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