Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Dimon Rings Up Record Profit On One-Off, Equities, IB Recovery
The IB slump's over. I guess.
JPMorgan's dealmakers dialed up $2.46 billion in revenue during Q2, according to the firm's results, released on Friday. That was easily more than the $2.13 billion consensus expected.
Advisory was the strongest since 2022 and equities fees the highest since 2021, before a Street-wide slump set in.
Big bank bosses spent several quarters last year suggesting IB was turning a corner. Maybe we're finally out of the woods. Or out of those wood, at least.
As the fi
