on Tuesday that beat the consensus estimates of analysts polled by Bloomberg, reflecting a robust jump in trading revenue that stemmed from the pickup in global financial markets from the depths back in March, when the coronavirus crisis was at its worst.
"Home lending benefited from strong production margins, and combined debit and credit card spend showed positive year-over-year growth in September for the first time since the widespread shutdowns," chief executive Jamie Dimon said in the earnings release. JPMorgan's equity markets division was the most well-performing this quarter, with strong growth across its commodities, credit, and securitized products. Fixed income markets revenue was up 29% to $4.6 billion.
But, since then, thanks in large part to the policies put in place by the Federal Reserve to keep borrowing rates low and the flow of credit going into the real economy, major indices, bonds and commodities have rallied sharply.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Meanwhile jpmorgan is busy laying off employees. In a pandemic. Not a great look.
So happy for you I was worried your astronomical bonuses will cut
Awesome news. Now tell us how this helps the nearly 1 million new Americans filing for unemployment each week and those struggling to pay bills.
With five felonies.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investors Are Betting Corporate Earnings Have Turned a CornerInvestors are entering third-quarter earnings season with brighter expectations for corporate profits, a bet they hope will propel the next leg of the stock market’s rally. Future of Education 👩💻❤👩🎓 Marketplace for online microcredentials OpenLearning to solve a skills shortage Micro-credentialing will be recognised by employers as globally accepted industry standard Young people are giving up on their dream job We must support upskill for job opportunities. Else risk losing their future and our economy. Economic recovery will be built on educated upskilled workforce We know from experience, economic downturns lead to upturns in demand for education. An undisclosed amount of government funding will be invested in Micro-credentials.
Source: WSJ - 🏆 98. / 63 Read more »
JPMorgan Chase reported third-quarter earnings – here are the numbersJPMorgan, the biggest U.S. bank by assets, is also the first major lender to report earnings. Vote Trump for real jobs! Trump2020 Jobs Wall Street analysts are as accurate as political pollsters.
Source: CNBC - 🏆 12. / 72 Read more »
Johnson & Johnson beats third-quarter earnings expectations, raises guidanceStill struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 in just a week,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info Markharrisfx ... they haunted trials also-- 🎉
Source: CNBC - 🏆 12. / 72 Read more »