JPMorgan Sees Strong Third Quarter Trading
JPMorgan Chase expects third quarter investment banking fees and trading revenue to rise by mid-to-high teens percentages. Co-President Doug Petno cited robust deal activity at an investor conference.
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JPMorgan Chase & Co expects investment banking fees and trading revenue to rise mid-to-high teens in the third quarter. The optimistic outlook calmed investor nerves following a recent selloff triggered by Bank of America Corp's weaker forecast. The remarks highlight resilient client activity across the United States economy despite ongoing market volatility.
