FX news: JPMorgan Chase Q4 revenues hold up well
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Foreign Exchange

FX news: JPMorgan Chase Q4 revenues hold up well

Just on the wires: JPMorgan is first with the publication of fourth-quarter 2010 figures. Overall net income is above forecasts at $4.8 billion, almost 50% up on 2009 Q4.

Revenue for fixed income markets which “primarily include revenue related to market-making across global fixed income markets including foreign exchange, interest rate, credit and commodities markets” for 2010 Q4 was remarkably stable at $2.874 billion, compared with $2.735 billion in 2009 Q4 and $3.123 billion in 2010 Q3, “reflecting solid client revenue”.

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