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Bloomberg Quint

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Image Credit: Bloomberg Quint

JPMorgan Stock Traders Notch Record Revenue On Market Chaos

  • JPMorgan Chase & Co.’s stock traders achieved a record revenue of $3.81 billion, a 48% increase from the previous quarter.
  • The bank's equities markets revenue surpassed analysts' expectations and the firm's previous stock-trading record.
  • CEO Jamie Dimon expressed caution about the US economy's prospects due to various factors including geopolitics, inflation, and fiscal deficits.
  • JPMorgan reported a larger-than-expected reserve build, signaling that companies are preparing for an economic downturn due to Trump's tariff policy.

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