image: Amr Alfiky/Reuters

JP Morgan’s trading business got a boost from volatility and client activity this year

February 27, 2018


This year’s market activity, including the upheaval earlier this month, has translated into strong business for J. P. Morgan Chase.

Daniel Pinto, the firm’s co-president and head of its investment bank, said trading was strong for the first few weeks of this year as clients stepped up amid the rise in volatility. Trading results could get a “high single-digit” boost for the quarter, he said during a question-and-answer session at the bank’s annual investor outlook on Tuesday.

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