Gigantic Banks’ Merchants Rep Bust and Boon in Unpredictable Markets
Wall Street’s stock traders are celebrating the long-awaited return of volatility to the market. Their colleagues handling fixed-income products are struggling to keep up. Equities-trading revenue jumped more than 25 percent at both JPMorgan Chase & Co. and Citigroup Inc. in the first quarter. The increases blew away analysts’ estimates and helped counter disappointing results…

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