Despite those issues, JPMorgan earlier this week announced plans to give 18,000 of its lowest paid employees a raise by early next year. Amid the IPO drought, investment-banking fees fell 10% to $1.64 billion. "And throughout the recent uncertainty and turbulence in the markets, we continued to be there for our clients - solid and steadfast to meet their needs, execute their transactions and provide liquidity".
Commercial net revenue was $1.8 billion, an increase of 4%, reflecting higher net interest income from higher average loan balances and deposit spreads. The fintech industry in recent months has had its own problems with loan volume growth and the possibility of increased regulatory scrutiny, but its technology could result in lost jobs.
JPMorgan Chase (NYSE:JPM) kicked off second-quarter bank earnings in auspicious fashion, beating analyst estimates and growing its top line. And the bank on Thursday sounded a relatively optimistic note about the potential impact of Britain's recent vote to leave the European Union.
While Erdogan's sense of mission has led him to make significant foreign policy mistakes and alienate many leaders in the region and the West, domestically he maintains a large and well-organised support base. Moreover, mosques linked to the Turkish-Islamic Union for Religious Affairs and the Islamic Community of Milli Gorus all across Europe said prayers for Turks martyred during the illegal power grab.
The tech-rich Nasdaq rose 0.6 percent to 5,034.06. The Nasdaq is still lagging the other two main USA stock market indexes. The index, which is heavily weighted with technology and biotech stocks, erased its losses for the year on Tuesday.
But his campaign said Wednesday that Sanders wouldn't use his delegates to pick a fight over the party platform and force votes on the convention floor. He is a delegate for Bernie Sanders. Obama will no doubt discuss working with her during her tenure as Secretary of State, as well as running against her in his first presidential campaign.