JP Morgan Prime Brokerage
Just saw this note below related to JP Morgan's prime brokerage arm:
The rise in earnings was mostly from strong performance from its investment banking division, which posted earnings of $3.6 billion compared to a loss last year. The investment banking division was primarily driven by JPMorgan’s prime brokerage business, which the bank acquired in its fire-sale acquisition of failing investment firm Bear Stearns last year.
"Bear Stearns equity [trading] business was very strong," JPMorgan CEO Jamie Dimon said during a conference call Thursday as quoted by the Wall Street Journal. source
For more information on prime brokerage please see PrimeBrokerageGuide.com
Related to JP Morgan Prime Brokerage & Bear Stearns
- Hedge Fund Tracker Tool
- Fund Marketing and Sales Advice
- Top Hedge Fund Managers
- Free Online Hedge Fund Videos
- Careers & Employment Guide
Tags: JP Morgan Prime Brokerage, JP Morgan, (JPM), Prime Brokerage, Hedge Fund Prime Brokerage
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.