Hedge Fund News From HedgeCo.Net

JPMorgan, Citi win bigger share of investment banking revenue

Hedge World – U.S. investment banks JPMorgan Chase & Co. and Citigroup Inc. saw their share of investment banking revenue increase more than any of their peers in the first nine months of the year, new research showed on Thursday [Nov. 14].

Among the 13 investment banks tracked by research firm Tricumen, JPMorgan and Citi each saw their share of operating revenue rise 0.7 percentage points over the period.

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