JPMorgan on Friday morning posted
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'Investors are eagerly looking for opportunities': Here are the key points from the memo JPMorgan's investment bank chief just sent to staff (JPM)
The CEO of JPMorgan's corporate and investment bank sent a note out to employees on Friday to highlight the firm's earnings report.
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- "This was a strong quarter, particularly for our Equities business, which had record revenue. Our overall performance reflects a relatively healthy business environment. The pipeline of client activity across M&A and capital markets is robust, and investors are eagerly looking for opportunities amid the bouts of volatility."
- "In Investment Banking, we ranked #1 in global fees, driven by advisory fees, which were up 15% year-over- year. We advised on more announced deals and closed more transactions than any other bank during the quarter."
- "Treasury Services continued to see steady growth as revenue increased 14% year-over- year. An increase in operating deposits and rising interest rates continue to benefit the business. Most exciting, though, is that we are continuously rolling out best-in- class payment technologies, giving clients better, simpler ways to manage their own balance sheets."
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