JPM IB fees pick up as bank restores chart-topping status
JP Morgan started the third quarter bank earnings season in strong form, reporting a 38% increase in investment banking fees year on year, reflecting a pickup of both market conditions and its league table standings.
In the US banks investment banking division, debt underwriting fees posted the biggest increase. It brought the bank $805m in the third quarter this year, up 62% on the same period a year ago.
That sharp increase in fees reflects the banks reassertion of its position in league
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