Inside JPMorgan's Earnings Report

JP Morgan, the largest U.S. bank by assets, exceeded analyst expectations in earnings and revenue. Despite a slight decline in net income compared to the previous year, the bank showed resilience with a 2% revenue increase, driven by significant gains in fixed income and equity trading. The bank's performance was analyzed in the context of low interest rates and the potential impact of Brexit. CEO Jamie Dimon had advocated for the UK to remain in the EU, highlighting the importance of the UK market to JP Morgan's revenue. Despite concerns, the bank believes Brexit will affect the UK's GDP but not significantly impact its business operations.

What was JP Morgan's reported net income, and how did it compare to the previous year?

• 5.8 billion, slightly higher than last year

• 6.2 billion, slightly lower than last year

• 5.8 billion, slightly lower than last year

• 6.2 billion, slightly higher than last year

Which area of trading saw a 35% increase for JP Morgan in the quarter?

• Equity trading

• Fixed income trading

• Corporate banking

• Asset management

How much did JP Morgan make from equity trading in the quarter?

• 3 billion

• 2 billion

• 4 billion

• 1.5 billion

Why was JP Morgan's CEO campaigning for the UK to stay in the EU?

• To increase JP Morgan's revenue in the UK

• Because JP Morgan generates significant revenue in Britain

• To reduce the impact of low interest rates

• To improve the bank's asset management performance

What is the expected impact of Brexit on JP Morgan's business according to its executives?

• Significant impact on the bank's business

• No impact on the bank's business

• Impact on the UK GDP but not much on the bank's business

• Positive impact on the bank's business