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JPMorgan CFO expects trading revenue to decline in first quarter https://t.co/qnJP7UUdiv https://t.co/pG1Hx4HPPm
JPMorgan CFO expects trading revenue to decline in first quarter https://t.co/EEKBAG62OB https://t.co/5wG5WXEF4K
JPMorgan expects a double-digit jump in investment-banking fees for the first quarter, while markets revenue could sink as much as 10%, according to CFO Jeremy Barnum https://t.co/2h7nDf5RdD
JPMorgan's CFO, Jeremy Barnum, anticipates a decline of 5-10% in trading revenue for the first quarter compared to the previous year. However, investment-banking fees are expected to increase by double digits. The bank warns that corporate profit margins may be peaking out due to normalizing net interest expenses, potentially leading to disappointing profits even without a recession.
