Surveillance: Bank Earnings with Leon
Bloomberg Surveillance
00:00
JP Morgan's 35% Pre-Tax Margin on Asset and Wealth Management
This was a good quarter. We thought this would be the trough of the investment banking cycle. And we are seeing green shoots, but the strength of the consumer and commercial loan activity is very promising. So what's likely now is if we have a soft landing, not a recession, second half of this year, the likelihood is these provisions begin to slow down.
Transcript
Play full episode
