A view of the exterior of the JP Morgan Chase corporate headquarters in New York City, New York, US. Picture: REUTERS/MIKE SEGAR
Loan growth, the bank’s core business, was also up 6% on a rebounding economy, while net interest income from lending and investments in treasury securities was up 3%. However, soaring inflation, a potential Omicron-induced economic slowdown and trading revenues returning to normal levels are set to challenge the banking industry's growth in the coming months.
The trading shortfall in the fourth quarter was cushioned by yet another strong showing at its investment bank as global mergers and acquisitions activity shattered all-time records in 2021 and pushed investment banking fees to their highest level in the first half of the year. Revenue remained nearly flat at $30.3bn. The bank’s earnings were also buoyed by reserve releases of $1.8bn.During the quarter, JPMorgan took down more funds that it had set side during the height of the pandemic in anticipation of an expected wave of loan defaults.
I'm sharing this because this was exactly how i saw so many posts about Stephanie Obrien and how he was helping individuals with their trades and i decided to give it a try and luckly it went well, Contact her via her profile link below 👇👇 Stephanie_fx_tr
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.
MARKET WRAP: JSE muted as investors digest US inflation reportSoaring consumer prices in the world’s leading economy has fuelled expectations of multiple rate hikes To make it all easy to your understanding,, it's based on investment whereby you're given the opportunity to make investment with a minimum amount and you get returns from a weekly trade carried out in the platform... ASK ME HOW
Source: BDliveSA - 🏆 12. / 63 Read more »