Goldman slips up as JPM powers ahead
JP Morgan, Citi and Goldman Sachs kicked off the third quarter results season for investment banks on Tuesday. While debt and equity underwriting revenues grew substantially at JP Morgan compared with the equivalent quarter of last year, they fell at Goldman.
“We had record third quarter IB fees with particularly strong performance in DCM [debt capital markets] and ECM [equity capital markets], and year-to-date we maintained our number one global ranking with share gains across products and regions,” said JP Morgan CEO Jamie Dimon.In the earnings call, chief ...
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