Explained in plain English
What is investment banking?
Investment banking is a key part of what big banks like JPMorgan do. It involves helping companies raise money by issuing shares or bonds, and advising them on big financial moves like mergers and acquisitions (dealmaking). These fees contributed significantly to JPMorgan's record profits in this story.
Stories that explain this
JPMorgan posts record profit but shares fall on expense forecastThis explainer came from a news story
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