JPMorgan Gets Boost From Fixed Income Commodities

The transcript discusses the growth in fixed income, currency, and commodity business, particularly after Brexit, as clients repositioned. Marianne Lake, the CFO, noted a consistent uptick in business. Jamie Dimon was absent from the calls, which was unusual. The transcript also covers JP Morgan's review of cross-selling practices in light of the Wells Fargo scandal, ensuring no unauthorized accounts were found.

What was the primary reason for the increase in fixed income business according to Marianne Lake?

• The rise in commodity prices

• Increased interest rates

• The UK's vote to exit the EU

• A new marketing strategy

Why was Jamie Dimon absent from the recent calls?

• He was on vacation

• He was unwell

• He was traveling in California

• He was attending a conference in New York

What did Jamie Dimon previously say about his participation in future calls?

• He would only join if necessary

• He would always be present

• He would delegate to others

• He might not always join

What was JP Morgan's response to the scrutiny on Wells Fargo's cross-selling practices?

• They increased cross-selling activities

• They fired several employees

• They conducted a deep dive review

• They ignored the issue

What did Marianne Lake say about unauthorized accounts at JP Morgan?

• They have not been found

• They were found in large numbers

• They were ignored

• They were widespread