The US investment bank sold US$2.7 billion worth of retail structured products in its domestic market during Q4 2022, down 9.8% year-on-year, which has led to a record-high sales volume of US$14.5 billion on a yearly basis.

J.P. Morgan has reported net income of US$11.0 billion in Q4 2022, a 5.9% increase year-on-year, driven by higher net interest income. Net revenues rose 29% to US$15.8 billion YoY. The corporate & investment bank (CIB) posted net revenues of US$3.3 billion, down 27% from the prior-year period. Total markets revenue was up seven percent to US$5.7 billion - fixed income was up 12% and equity down one percent. By segment, banking revenue dropped 28% to US$3.8 billion while markets & secur

Continue reading and get unlimited access for 7 days with a free trial of SRP.

Get a free trial

Already a subscriber? Login