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JPMorgan expects investment banking revenue to jump as much as 30% in second quarter
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JPMorgan expects investment banking revenue to jump as much as 30% in second quarter
Jun 12, 2024 2:22 PM

NEW YORK, June 12 (Reuters) - JPMorgan Chase ( JPM )

expects its investment banking revenue to jump by between 25% to

30% in the second quarter, higher than its previous estimates,

co-chief executive of its commercial and investment bank Troy

Rohrbaugh said on Wednesday.

The lender had estimated in May that its investment banking

revenue would rise by a mid-teens percentage in the second

quarter.

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