JPMorgan Traders Blow Past Expectations With Record Haul (2)

JPMorgan Chase & Co.’s traders posted their highest-ever quarterly revenue in the first three months of the year, with record stock-trading results boosting the total past the firm’s previous record by almost $2 billion.

The biggest US bank pulled in $11.6 billion in trading revenue in the first quarter, according to a statement Tuesday. That’s up 20% from a year earlier, with both stock traders and their counterparts in fixed income, currencies and commodities beating analysts’ expectations.

CEO Jamie Dimon

Photographer: Eva Marie Uzcategui/Bloomberg

Still, JPMorgan lowered its full-year net interest income guidance back to about $103 billion, where it stood before an investor update ...