The largest American Bank JP Morgan has earned in 2018, thanks to good transactions in the financial markets, its wide stance and lower taxes so much as never before. The weakening of business on the bond markets, could change the end of the year nothing. The profit, therefore, rose by 36 percent to almost 31 billion dollars (27 billion euros), as the Bank informed. The income rose by slightly more than 6 percent to 111.5 billion dollars.
The surveyed by Bloomberg experts had expected an even better result. Especially the division that deals with bonds, currencies and commodities, and investors have paid particular attention to, was disappointing. She was in the fourth quarter of 2018 so weak since the financial crisis of 2008. Shares with a market value of significantly more than 300 billion dollars, the most expensive Bank in the world gave pre-market by about two percent.
The final quarter of the year was out had been challenging, said Bank chief Jamie Dimon. Despite the problems in the last months of the year, the Bank had made but a satisfactory result in the bond business. In addition, it was raced in the other areas shiny. “2018 was once again a strong year for the Bank with record revenues and profits,” he said, and meant, that it would have even without the effects of President Donald Trump initiated tax reform, a record result.
The result shows clearly how far the American houses are made out with only a few exceptions to international competition. Just for Deutsche Bank, the comparison is painful. In the case of the largest German Bank, analysts currently expect in average a Surplus of around 400 million euros – so much money has earned JP Morgan last year to just five working days.