JPMorgan Chase posted record profit and $6 billion in stock-trading revenue for the most recent quarter according to Bloomberg and Financial Times. Profit rose 41 percent year over year, with record revenue reported across all business lines. The results exceeded analyst expectations by the widest margin in five years.
“JPMorgan Notches Record Profit on $6 Billion Stock-Trading Haul - Bloomberg.com”
Read at Bloomberg →“US banks live: JPMorgan profits soar 41% on blockbuster trading revenues”
Read at Financial Times →No right-leaning sources covered this
Record trading revenue and 41 percent profit growth highlight structural advantages of megabanks amid market volatility.
“Inequality and need for regulatory recapture of gains”
Record profit and revenue across all lines reflect strength of capital markets under limited regulation.
“Market-driven success and economic dynamism”
Profit growth shows private institutions reallocating capital via voluntary exchange and profit-and-loss discipline.
“Voluntary exchange tempered by existing regulatory backstops”
All three views accept headline figures without examining one-time gains, inflation adjustment, or downstream credit effects.
“Unexamined assumptions about measurement and distribution of results”
Ratings by MBFC