J.P. Morgan sees rise in revenue for Q2
16 July 2018 New York
Image: Shutterstock
J.P. Morgan’s securities services revenue was US $1.1 billion up 12 percent from Q1, according to its Q2 results.
The bank said this was predominantly driven by higher interest rates and deposit growth, as well as higher asset-based fees driven by new client activity and higher market levels.
Total markets and investor services revenue was $6.5 billion in the second quarter, also up 12 percent, as markets revenue rose 13 percent to $5.4 billion.
Equity markets revenue was $2.0 billion, up 24 percent, driven by strength across products, predominantly in derivatives and prime.
Total net income was $3.2 billion, an increase of 18 percent.
The bank said this was predominantly driven by higher interest rates and deposit growth, as well as higher asset-based fees driven by new client activity and higher market levels.
Total markets and investor services revenue was $6.5 billion in the second quarter, also up 12 percent, as markets revenue rose 13 percent to $5.4 billion.
Equity markets revenue was $2.0 billion, up 24 percent, driven by strength across products, predominantly in derivatives and prime.
Total net income was $3.2 billion, an increase of 18 percent.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
