JPMorgan asset and wealth revenue rises 14% to $6.9 billion; expenses rise 14%
Matching growth left JPMorgan's expense-to-revenue ratio unchanged; Wells Fargo, Goldman Sachs and Citi reported wealth revenue growth in a 12% to 15% band.
At a glance
JPMorgan's asset and wealth management revenue rose 14% to $6.9 billion in the latest quarterly earnings, and expenses in the same business rose at the same rate.
JPMorgan, Wells Fargo, Goldman Sachs and Citi reported wealth revenue growth in a 12% to 15% band in the same earnings round, according to the coverage.
Because revenue and expenses rose at the same rate, JPMorgan's expense-to-revenue ratio was unchanged from before the growth.
JPMorgan's asset and wealth management revenue rose 14% to $6.9 billion in the latest quarterly earnings, and expenses in the same business rose at the same rate.
JPMorgan, Wells Fargo, Goldman Sachs and Citi reported wealth revenue growth in a 12% to 15% band in the same earnings round, according to the coverage. JPMorgan's 14% sits inside that band.
Because revenue and expenses rose at the same rate, JPMorgan's expense-to-revenue ratio was unchanged from before the growth.
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