JPMorgan Shares Fall After Bank Reports Slow Start To The Year |
| April 15, 2014 | April 2014 Bond Updates |
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The decline can indeed be traced back to a poor performance by the trading desk, as JPMorgan reported a 17% reduction in trading revenues (fixed-income and equities combined) for the period. To make things worse, the bank witnessed a decline in profitability across its business divisions – notably its mortgage banking and commercial banking units – which only added to investors’ concerns. |
| View more at: http://www.forbes.com/sites/greatspeculations/2014/04/14/jpmorgan-shares-fall-after-bank-reports-slow-start-to-the-year/ |
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