TradingKey – JPMorgan Chase (NYSE:JPM) closed at $334.30 on October 12, up 0.39%. The stock moved higher ahead of the company’s Q3 results. The stock faces a slight headwind as high trading and deal making expectations faces increased costs and a challenge from record 2Q results. JPMorgan will release results on October 13 at 7:00 a.m. ET. Expect a call at 8:30 a.m. ET.
Investment Banking and Trading Lead Expectations
Doug Petno, JPMorgan co-President, stated on September 15, that he expects mid-to-high teens year-over-year growth for investment-banking fees and Markets revenue for the third quarter. His comments follow 30% and 35% growth for banking fees and Markets revenue, respectively, for the second quarter. Equity Markets surged…
