JPMorgan Derivatives Group Earned $5 Billion in Wall Street's Worst Year - It's not honest work, but it pays well. | WHAT REALLY HAPPENED


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.

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