Banking’s a funny old game. At the beginning of April, JPMorgan seemed to be coasting through another comfortable season as industry leader.
Chairman and chief executive Jamie Dimon shared his thoughts on life in a letter to shareholders on April 7 that ran to an impressive 66 pages, complete with many league tables featuring JPMorgan at the top.
On April 14, Dimon and chief financial officer Jennifer Piepszak announced first-quarter results that were also strong. Investment banking fees of $3 billion set a new quarterly record, helped by equity underwriting and JPMorgan’s number-one ranking in leveraged finance.
Thanks for your interest in Euromoney!
To unlock this article:
