JPMorgan’s Jamie Dimon expects trading revenues to fall sharply, possibly by as much as half
JPMorgan and Citigroup are the two biggest fixed income dealers and their second-quarter results on Tuesday confirmed another surge in debt trading revenues.
JPMorgan generated $7.3 billion of fixed income trading revenue for a 99% increase over the same quarter in 2019, while Citi produced $5.59 billion for a 68% rise.
The two banks were also beneficiaries of the Federal Reserve-sponsored boom in corporate bond issuance.
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