US Banks May Show Improved Q1 Results Due To Higher Volatility, Analysts Predict
BANKS
JP Morgan, the first US bank to release first quarter earnings, shows improved forex trading revenues for the period, indicating that its US counterparts may also show gains on the back of increased market volatility during the first few months of the year.
Morgan reports total forex revenues of $120 million for the quarter, up 77 per cent from $68 million reported for the same period last year. For proprietary trading revenues, Morgan reports a substantial rise of 269 per cent, to $107 million
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