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JPM’s Other Businesses to Make Up for Dismal Trading Performance

Andrew Brunton
JPM’s Other Businesses to Make Up for Dismal Trading Performance

JPMorgan Chase (JPM) expects a YoY (year-over-year) fall in its third-quarter trading revenue. On September 13, JPMorgan’s CFO, Marianne Lake, said during a presentation to investors at the Barclays Global Financial Services Conference that the bank’s trading revenue would likely fall in the mid-single-digit percentage range during the quarter.