JP Morgan Chase has reported a 69% drop in net income during the first quarter of 2020 with a total figure of US$2.87 billion from US$9.18 billion in the same quarter the previous year.

The first of quarter of 2020 has brought unprecedented turmoil upon financial markets worldwide as a result of the widespread outbreak of Covid-19. JP Morgan is one of the many US banks that have had to jump over the unexpected hurdle. However, as price movements reeled the markets, JP Morgan capitalised on its equity derivatives capabilities following the retreat of a number of hedge funds and high-frequency traders. SRP data shows that JP Morgan continues to dominate the US structured produc

Continue reading with a subscription to the SRP market intelligence platform.

Request Demo

Already a subscriber? Login