September 13, 2018 / 6:24 PM / 2 months ago

JPMorgan sees small drop in third-quarter markets revenue vs year earlier

FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo

NEW YORK (Reuters) - Third-quarter markets revenue at JPMorgan Chase & Co (JPM.N) is down by a small percent from a year earlier after adjusting for tax law changes, Chief Financial Officer Marianne Lake said at an investor conference on Thursday.

Lake said reported the revenues look like they will be down by a “mid-single” digit percent.

On Wednesday, Citigroup Inc CFO.N Chief Financial Officer John Gerspach said his bank’s third-quarter markets revenue will likely be flat to slightly higher.

Reporting by David Henry in New York; Editing by Meredith Mazzilli

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