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JPMorgan's (JPM +1.5%) Q2 trading revenues are running 10-15% above those of a year ago, says...

JPMorgan's (JPM +1.5%) Q2 trading revenues are running 10-15% above those of a year ago, says Co-CEO of the corporate and investment bank Mike Cavanagh, keynoting the UBS Financial Services Conference. Should the figure hold, it would be a nice improvement over what has been punkish growth at the global banks. As for the kerfuffle over Dimon, Cavanagh says it's the board's decision, but he humbly suggests the board - as currently configured - has done a pretty good job.
Comments (1)
  • gdwm1793
    , contributor
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    You left out an important statement from the above Cavanagh comment. Cavanagh also said: "The revenue is “still down a bit from the typically strong first quarter that we just had.”
    14 May 2013, 09:25 PM Reply Like
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