JPMorgan had $99.8 billion in revenue in 2011, should have $98 billion in 2012, and is forecast to have $101 billion in revenue in 2013, according to research note issued by Nomura on Friday.
Moreover, the bank has more than $2.2 trillion in assets.
“Others can comment on what this really means but the market cap of JPMorgan is $155 billion, and the investment banking arm had revenues of $26 billion in 2011, while the overall bank’s revenues were close to $100 billion," Kit Juckes, chief of foreign exchange at Société Générale, told Canadian newspaper The Globe and Mail.
Read more: http://www.foxbusiness.com/industries/2012/05/11/jpmorgan-losses-argument-for-capital-not-volcker-rule/#ixzz1upTUG4TH
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