JPMorgan Posts Trading Surge, Surprise Jump in Banking Fees
- Shares climb as fixed-income trading surges 25% from last year
- Investment-banking fees rise on strength in underwriting
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JPMorgan Chase & Co.’s traders and investment bankers emerged from a messy third quarter with a few surprise wins.
Fixed-income trading revenue jumped 25% and investment-banking fees posted an unexpected increase. That led the corporate and investment bank division to its best third quarter in three years.