-The pinnacle of markets for JPMorgan Chase & Co mentioned on Tuesday that markets are too treacherous to replace the agency’s first-quarter outlook for buying and selling income.
“The markets are extraordinarily treacherous in the meanwhile,” Troy Rohrbaugh defined at an investor convention. “There may be a variety of uncertainty. There are a variety of shoppers which can be below excessive stress. That creates doubtlessly very important counterparty threat publicity.”
Turbulence stemming from the Russia-Ukraine struggle and associated sanctions from western nations has unfold throughout commodities particularly but in addition by way of fastened revenue and fairness markets, he mentioned.
“It's broad-based, however clearly regarding sanctions, whether or not it's sanctioned counterparties, sanctioned merchandise, unwinds,” he mentioned.
JPMorgan had mentioned final month that markets income would possible be down about 10% from a 12 months earlier. Rohrbaugh mentioned that the outlook had confirmed true by way of this previous Friday.
Post a Comment