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Troy Rohrbaugh, the co-CEO of JPMorgan's (NYSE: JPM) Commercial & Investment Bank ("CIB") segment, has provided an updated outlook for the bank's investment banking ("IB") revenues.
JPMorgan Chase expects its investment banking revenue to jump by between 25% to 30% in the second quarter, higher than its previous estimates, co-chief executive of its commercial and investment...
NEW YORK (Reuters) -JPMorgan Chase boosted its outlook for investment banking revenue, forecasting a jump of 25% to 30% in the second quarter fueled by capital markets, a top executive said on Wednesday. The forecast became more bullish than in May, when the bank predicted investment banking revenue would rise by a mid-teens percentage in the second quarter. "Capital markets continues to be extremely robust and the overall franchise has improved," said Troy Rohrbaugh, co-CEO of JPMorgan's commercial and investment bank.
JPMorgan Chase boosted its outlook for investment banking revenue, forecasting a jump of 25% to 30% in the second quarter fueled by capital markets, a top executive said on Wednesday. ...
Lessons from the head of JPMorgan's asset management business.