The US bank has reported record net revenue of US$38.3 billion despite a slowdown in markets revenue in the corporate & investment bank (CIB) for the first quarter of 2023.

J.P. Morgan’s revenues have increased by 25% year on year. Net income increased by 52% to US$12.6 billion year-on-year (YoY). Non-interest expense was US$20.1 billion, up 5%, driven by 'higher structural expense and continued investments in the business', according to the US bank's Q1 2023 financial results. In the CIB [...]  we focused on supporting clients as they navigated volatile market conditions - Jamie Dimon, CEO 'In the CIB, markets revenue fell four percent versus a very

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

Get a free trial

Already a subscriber? Login