J.P. Morgan's AUC beats Q3 2013
23 October 2014 New York
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J.P. Morgan had $21.2 trillion in assets under custody during Q3 2014, taking a hit sequentially but beating last year’s result.
The bank’s assets under custody were down 2 percent on Q2 2014 but beat the same period in 2013 by 8 percent.
Securities services revenue hit $1.1 billion, up 8 percent from the prior year primarily driven by higher net interest income on increased deposits and higher fees and commissions.
The bank’s corporate and investment bank saw a “strong performance in fees, maintaining a #1 position in global investment bank fees year to date, with particular strength in equity capital markets”, commented J.P. Morgan chairman and CEO Jamie Dimon.
Markets and investor services revenue hit $6.1 billion in total during Q3 2014, up 15 percent over the prior year.
Fixed income markets revenue reached $3.5 billion thanks to a strong performance in currencies and emerging markets, while equity markets revenue of $1.2 billion was down 1 percent compared with the prior year
This was primarily because of lower derivatives revenue compared to a strong prior year largely offset by higher prime services revenue.
The bank’s assets under custody were down 2 percent on Q2 2014 but beat the same period in 2013 by 8 percent.
Securities services revenue hit $1.1 billion, up 8 percent from the prior year primarily driven by higher net interest income on increased deposits and higher fees and commissions.
The bank’s corporate and investment bank saw a “strong performance in fees, maintaining a #1 position in global investment bank fees year to date, with particular strength in equity capital markets”, commented J.P. Morgan chairman and CEO Jamie Dimon.
Markets and investor services revenue hit $6.1 billion in total during Q3 2014, up 15 percent over the prior year.
Fixed income markets revenue reached $3.5 billion thanks to a strong performance in currencies and emerging markets, while equity markets revenue of $1.2 billion was down 1 percent compared with the prior year
This was primarily because of lower derivatives revenue compared to a strong prior year largely offset by higher prime services revenue.
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