JPMorgan Derivatives Group Earned $5 Billion in Wall Street's Worst Year - It's not honest work, but it pays well.
Bloomberg Matthew Leising and Elizabeth Hester
March 3 (Bloomberg) -- JPMorgan Chase & Co. managed to generate $5 billion in profit during the worst year in Wall Street history by trading over-the-counter fixed-income derivatives, two people with knowledge of the results said.
The unit was among the most profitable at the New York-based company, said the people, who declined to be identified because they weren’t authorized to divulge the figures. JPMorgan spokeswoman Kristin Lemkau declined to comment.