J.P. Morgan’s US sales up by 80%, tops German rankings

J.P. Morgan has reported net income of US$11.9 billion for the second quarter of 2021 – up US$7.3 billion year-on-year (YoY). Net revenue of US$31.4 billion was down seven percent. J.P. Morgan was the number three issuer of structured products in the US with a 12.4% share of the market in Q2 2021, behind Barclays (15%) and Goldman Sachs (14%), but ahead of Citi (12.2%) and Morgan Stanley (10.9%), according to SRP data. The bank sold 1,167 structured products worth US$3.1 billion between