Anirban Sen and Matt Scuffham (Reuters) (The Jakarta Post) PREMIUM – ● Sat, January 15 2022 JPMorgan Chase & Co reported a 14 percent fall in fourth-quarter earnings on Friday but sailed past analysts’ estimates, helped by a stellar performance at its investment banking unit that offset a slowdown in its trading arm. The country’s largest lender, whose fortunes are often seen as a barometer of the health of the United States economy, posted a 28 percent jump in investment banking revenue, while overall trading revenue fell 13 percent. Large US lenders have benefited from higher consumer spending, while their trading arms gained from exceptional volatility in financial markets last year. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,000/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept Register to read 3 premium articles for free Already subscribed? login Or let Google manage your subscription
- UniCredit Bears Down on Costs to Beat Earnings Estimates
- Summer heatwave helped boost economic growth
- Romania’s banks post 10-year high profit rate in Q2 2018 on lower NPLs
- Tiffany's unveils higher than expected sales and profits
- Higher interest rates boost US bank earnings
- ABN Cuts 250 Investment Bank Jobs in Bid to Boost Returns
- BR Analysis. Hard times for borrowers in Romania: rising inflation, interest rates could boost insolvencies, NPLs
- Carslberg shares get boost on sales of its pricier beers
- Newcastle and Watford both made a transfer profit
- Bumper summer and Booker buyout set to boost Tesco profits
JPMorgan profit beats estimates on M&A boost have 248 words, post on www.thejakartapost.com at January 15, 2022. This is cached page on Vietnam Colors. If you want remove this page, please contact us.