Debt underwriting fees bolster JP Morgan

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By Jasper Cox
15 Apr 2019

On Friday, JP Morgan and Wells Fargo posted falls in investment banking revenue for last quarter. But debt underwriting business was a bright spot for both banks.

JP Morgan worked on Saudi Aramco’s much-hyped $12bn bond last week, with CEO Jamie Dimon even speaking at the launch of one of the most anticipated transactions in debt capital markets this year.

Overall, fees taken for debt underwriting were $935m across the quarter for Dimon’s bank, ...

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