‘Solid But Not Exceptional’ J.P.Morgan Beats Profit Expectations. Investors Yawn

JPMorgan Chase‘s quarterly profit and revenue easily trumped Wall Street’s expectations on Thursday, but a slump in bond trading clouded gains from loan growth and higher interest rates.

Financial market trading was again a dark spot for the bank with revenue from bond trading diving 27% compared with a year earlier, when it was boosted by higher market activity due to Brexit and the U.S. election. Equity markets revenue was also down 4%.

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