JPMorgan profit jumps on higher investment banking fees, accounting gain

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 27 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Jpmorgan Chase Nouvelles

Investment Banking,Visa,Share Exchange Deal

The largest U.S. bank's profit was $18.15 billion, or $6.12 per share, for the three months ended June 30, compared with $14.47 billion, or $4.75 per share, ...

- JPMorgan Chase's profit rose in the second quarter, buoyed by rising investment banking fees and an $8 billion accounting gain from a share exchange deal with Visa.

The bank benefited from a plan to exchange some of its shares in Visa, the world's largest payment network. Wall Street banks are also seeing an uptick in fee income from advising on M&A deals as companies become more confident on the U.S. economy's ability to avoid a major downturn.JPMorgan's investment banking fees grew 50%, higher than an earlier company prediction of 25% to 30%.

‘Devastating’: Ex-John Deere employee warns of ‘significant impacts’ of mass layoffs as jobs move to Mexico

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE

Belgique Dernières Nouvelles, Belgique Actualités