Underwriting, fixed income revenues grow at JPM and Citi

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By Jasper Cox
14 Jan 2020

JP Morgan, Citi and Wells Fargo kicked off the fourth quarter earnings season for investment banks on Tuesday, showing momentum in underwriting revenues and fixed income trading, while advisory fees and equities trading stumbled.

“The corporate and investment bank generated record fourth quarter revenue — including for the markets business, which rebounded from a challenging prior year,” said Jamie Dimon, chief executive of JP Morgan. “For the quarter, global investment banking fees were up slightly from a strong performance last year, ...

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