JPMorgan expects investment banking revenue to jump as much

JPMorgan expects investment banking revenue to jump as much as 30% in second quarter

NEW YORK (Reuters) -JPMorgan Chase boosted its outlook for investment banking revenue, forecasting a jump of 25% to 30% in the second quarter fueled by capital markets, a top executive said on Wednesday. The forecast became more bullish than in May, when the bank predicted investment banking revenue would rise by a mid-teens percentage in the second quarter. "Capital markets continues to be extremely robust and the overall franchise has improved," said Troy Rohrbaugh, co-CEO of JPMorgan's commercial and investment bank.

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JPMorgan Expects Investment Banking Revenue To Jump As Much As 30% In Second Quarter : Comparemela.com

JPMorgan expects investment banking revenue to jump as much as 30% in second quarter

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NEW YORK (Reuters) -JPMorgan Chase boosted its outlook for investment banking revenue, forecasting a jump of 25% to 30% in the second quarter fueled by capital markets, a top executive said on Wednesday. The forecast became more bullish than in May, when the bank predicted investment banking revenue would rise by a mid-teens percentage in the second quarter. "Capital markets continues to be extremely robust and the overall franchise has improved," said Troy Rohrbaugh, co-CEO of JPMorgan's commercial and investment bank.

Related Keywords

New York , United States , Nupur Anand , Lananh Nguyen , Troy Rohrbaugh , Reuters ,

© 2024 Vimarsana

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