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01.08 - 06:59
JPMorgan’s investment bank slips 6% in ‘challenged’ deals market
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JPMorgan's investment banking revenue slipped 6% in the second quarter, kicking off a tough reporting season for major Wall Street banks as dealmaking fees continue to slump.
A 19% decline in fees from M&A deals led to a fall in revenue of 6% across JPMorgan's investment banking business during the second quarter of 2023, but the $540m from advisory work was still ahead of analyst expectations.
JPMorgan...
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