JPMorgan Chase’s trading and investment banking revenues “are up about 20 per cent” so far in the fourth quarter, chief executive Jamie Dimon said on Tuesday, signalling a strong end to a year when volatility and central bank interventions paid off big for Wall Street.
Mr Dimon, who runs the world’s biggest investment bank by revenue, was the first of his peers to give detailed guidance on performance for the final three months of 2020.
“You didn’t ask me, so I’ll tell you anyway, trading and investment bank numbers are up about 20 per cent, maybe a little more (in the fourth quarter),” he said at the end of a 40-minute question-and-answer session for Goldman Sachs’ virtual financial conference.
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