But analysts have pointed to a rebound in the fourth quarter, driven by demand from corporations and credit card borrowers. They'll want to see that show up in JPMorgan's results, as that, along with the Federal Reserve's expected rate hikes, are two primary drivers of the industry's profitability.
Analysts may also ask the bank about the impact of its recent decision to rein in overdraft fees. JPMorganlast month that it would give customers a grace period to avoid the punitive fees, a move that along with other changes will have a "not insignificant" hit to revenue. JPMorgan chief operating officer Daniel Pinto said last month during a conference that fourth-quarter trading revenue was headed for a
, driven by a decline in fixed income activity from record levels. Offsetting that is an expected 35% jump in investment banking fees, he said.in fines last month to settle charges that its Wall Street division allowed workers to use messaging apps to circumvent record keeping laws.This story is developing. Please check back for updates.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »