The bank is the leading issuer of structured products in the third quarter of 2019 in the US, despite ‘weaker’ client activity in equity derivatives.
JP Morgan reported a net income of US$9.1 billion and earnings per share of US$2.68 in the third quarter of 2019. In the corporate and investment bank (CIB), net income was US$2.8 billion, up seven percent from the prior year quarter with net revenue, at US$9.3 billion, up six percent. Equity markets revenue was US$1.5 billion, down five percent against ‘a very strong’ third quarter last year, with the performance of equity derivatives ‘challenged’ by lower client activi
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