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18th of October 2018

Economy



JPMorgan sees small drop in third-quarter markets revenue vs year...

NEW YORK (Reuters) - Third-quarter markets revenue at JPMorgan Chase & Co (JPM.N) is down by a small percent from a year earlier after adjusting for tax law changes, Chief Financial Officer Marianne Lake said at an investor conference on Thursday.

FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo

Lake said reported the revenues look like they will be down by a “mid-single” digit percent.

On Wednesday, Citigroup Inc CFO.N Chief Financial Officer John Gerspach said his bank’s third-quarter markets revenue will likely be flat to slightly higher.

Reporting by David Henry in New York; Editing by Meredith Mazzilli

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