JPMorgan Forecasts 20% Drop In Trade Revenues, Stock Slides
Shares of JPMorgan Chase & Co. (NYSE:JPM) are down 2.6% today after announcing that second quarter trade volume would be down sharply from 2Q13 levels, bringing the investment bank’s trade revenues down with it. JPM warned investors to expect a 20% drop in trade revenue citing “a continued challenging environment and lower client activity levels,” reports Hugh Son for Bloomberg.
SORRY! This content is exclusively for paying members. If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.
|
