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What Hurt JPMorgan Chase’s CIB Segment?

Andrew Brunton
What Hurt JPMorgan Chase’s CIB Segment?

JPMorgan Chase’s (JPM) CIB (Corporate and Investment Banking) segment reported lackluster results in the third quarter due to weak trading activities for fixed-income assets. Although the segment’s revenues of $8.8 billion increased 3% YoY (year-over-year), the numbers were down from the growth of over 10% registered in the first two quarters of 2018. The CIB segment’s revenues declined 11% sequentially.