NEW YORK: JPMorgan Chase & Co and Citigroup Inc won’t be repeating 2018’s rough close to the year.
Fourth-quarter trading revenue would rise “meaningfully” from a year earlier, driven by the fixed-income business, JPMorgan chief financial officer Jennifer Piepszak said at an investor conference. Citigroup CFO Mark Mason said at the conference that the bank’s trading revenue in the period is set to rise by a percentage in the “high teens.”
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