Jeremy Barnum, JPMorgan’s new chief financial officer, cut a relaxed figure on his first quarterly earnings call on July 13. The numbers were strong, as they usually are for JPMorgan.
A record quarter for investment banking fees – and a number one global ranking – helped to balance a 30% year-on-year fall in markets revenue from a record quarter last year when central banks revived sentiment after the worst of the pandemic.
Confidence is up, which prompted the release of $3 billion of credit reserves and helped JPMorgan to report a profit of almost $12 billion, up by $7.3
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