JPMorgan Q2 Investment Banking Revenue $1.5B, Up 11%; Total Markets Revenue $7B, Down 10%; Markets & Securities Services $8.3B, Down 5%
Portfolio Pulse from Benzinga Newsdesk
JPMorgan's Q2 investment banking revenue has increased by 11% to $1.5B, while its Markets & Securities Services revenue has decreased by 10% to $7B.
July 14, 2023 | 10:54 am
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NEUTRAL IMPACT
JPMorgan's Q2 investment banking revenue has increased by 11% to $1.5B, while its Markets & Securities Services revenue has decreased by 10% to $7B.
The increase in investment banking revenue indicates a strong performance in that sector, which could attract investors. However, the decrease in Markets & Securities Services revenue could be a concern for investors, potentially offsetting the positive impact of the increased investment banking revenue. Therefore, the overall short-term impact on JPMorgan's stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100