JPMorgan traders just perfect

JPMorgan Chase traders generated profits every day in the third quarter, extending their perfect record for 2013 as the Federal Reserve backed off plans to curtail a bond-purchase program.

Bloomberg reports that traders made more than $200m on three days this year, JPMorgan said today in a regulatory filing.

Trading revenue at JPMorgan’s corporate and investment bank, run by Daniel Pinto and Michael Cavanagh, fell 2% to $4.69bn in the third quarter, the bank said when it reported earnings on October 11th.

Fixed-income trading revenue declined 8% to $3.44bn from a year earlier while equity-trading revenue rose 20% to $1.25bn.

To access the complete Bloomberg article hit the link below:

JPMorgan Chase Traders Extend Perfect Record Into Third Quarter

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