Relocus Monetary Effects

Choosing The Right Camera Phone


With the many choices out there, picking the best camera phone has become quite a task. If you are into photography, then megapixels are just a tip of the iceberg.  Like ...


Securing Your Facebook Account


Facebook has become an important part of one's daily life, and because of the rampant hacking, it's imperative that you take the necessary steps to stay safe online. Not ...


JP Morgan Asset Management Posts Record Results


One of the biggest banks in America showed that it can withstand a downturn in fixed-income trading by finding and generating growth elsewhere. JP Morgan was saved by the increase in...


JP Morgan Asset Management Posts Record Results



One of the biggest banks in America showed that it can withstand a downturn in fixed-income trading by finding and generating growth elsewhere. JP Morgan was saved by the increase in corporate loans, the highest lending margin in a little over four years.

The result of the third quarter kicked off the industry's earnings season. It showed how well the firm's core lending and advisory businesses performed. JP Morgan's revenue shoot up to a record and for the first time, the retail bank posted a higher profit than firm's investment.

The trading revenue decreased by 21 percent, while the revenue from the fixed-incomed went down 27 percent in line with the financial analysts' predictions.Even the equity-trading slumped to 3.6 percent.

Since President Donald Trump's election last year, financial stocks have soared high, and JP Morgan, powered by optimism, has been performing well through the end of the third quater.

 

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