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JPMorgan's investment banking business unexpectedly grew in the second quarter, showing signs of a potential recovery in investment banking activities after the widespread caution triggered by US tariffs policy. The bank stated on Tuesday that investment banking revenue increased by 7%, surpassing analysts' expectations of a 14% decline. The bank recorded its best second quarter performance in stock trading and fixed income trading also exceeded expectations. CEO Jamie Dimon stated in the announcement that "investment banking activities started slow but gained momentum as market sentiment improved." The better-than-expected performance of the investment banking sector provided a glimpse into the impact of the Trump administration's inconsistency on tariffs on performance, while also offering a new perspective on the health of American consumers and businesses.
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