JPMorgan President Pinto Says Expect Markets Revenue To Be Down 15% In Q2 2023
Portfolio Pulse from Benzinga Newsdesk
JPMorgan President Daniel Pinto announced that the bank expects its markets revenue to be down 15% in Q2 2023, according to Reuters.
May 22, 2023 | 4:10 pm
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JPMorgan's markets revenue is expected to decline by 15% in Q2 2023, as announced by the bank's President Daniel Pinto.
The announcement by JPMorgan's President Daniel Pinto about the expected 15% decline in markets revenue for Q2 2023 is a direct indication of the bank's performance. This news is likely to negatively impact the stock price of JPM in the short term, as investors may perceive it as a sign of weakening financial performance.
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IMPORTANCE 80
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