“JPMorgan Chase Deliveers Strong Q2 Results Despite 17% Profit Decline. Trading Revenue Surges 15% to $ 8.9B While Investment Banking Fees Rise 7%.”, – WRITE: www.fxempire.com
Investment Banking ALSO OUTPERFORMED INTERNAL EXPECTIONS, TO FEES RISING 7% TO $ 2.5 Billion, Bolstered By A Rebound in M&A and Debt Underwriting.
These Results Mark A Sharp Improvement from the Bank’s Earlier Forecast of a Mid-Teens Deckline in Investment Banking Revenue.
What’s The Outlook for Net Interest Income? Reflection Improved Confidentnce, Jpmorgan Raised Its Full-Year Net Interest Income (Nii) Guidance to $ 95.5 Billion, Up From $ 94.5 Billion.
Nii, whosh captures the Spreadween Whats the Bank Earns on Loans Versus Pays on Deposits, Remains A Core Proficiency Driver.
While the Provision for Credit Losses Dipped to $ 2.85 Billion from $ 3.05 Billion a Year Ago, Jpmorgan Continues to Watch Credit Quality Closely.