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Corporate Tax Overhaul Could Hurt JPMorgan Chase Trading Revenues

Andrew Brunton
Corporate Tax Overhaul Could Hurt JPMorgan Chase Trading Revenues

JPMorgan Chase (JPM) projects a YoY (year-over-year) decline in its third-quarter trading revenues. During a presentation to investors at the Barclays Global Financial Services Conference on September 13, JPMorgan Chase’s CFO, Marianne Lake, revealed that the company’s trading revenues will likely fall in the mid-single-digit percentage range during the third quarter.