US banks report mixed results in third quarter
NEW YORK - US banks kick-started the third-quarter reports round last week with a mixed bag of results from fixed-income businesses.
Fixed-income markets revenues at JP Morgan for Q3 reached $5 billion, up by $4.2 billion, from markdowns of $3.6 billion during the same period last year. The reversal came from strong results across most products and gains of approximately $400 million on legacy leveraged lending and mortgage-related positions. These results also included losses of $497 million
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