JPMorgan Prime-Brokerage Balances Hit Record as Clients Unwind Iran War Hedges
Updated
Updated · Bloomberg · May 12
JPMorgan Prime-Brokerage Balances Hit Record as Clients Unwind Iran War Hedges
5 articles · Updated · Bloomberg · May 12
JPMorgan said balances in its prime-brokerage business have surged to a record, extending a booming quarter for the bank’s markets division.
Recent volatility drove client activity, with investors using market swings to add positions rather than retreat.
Clients are now generally bullish, according to JPMorgan’s global co-heads of sales and research, and have unwound some hedges put on in the early weeks of the Iran war.
That shift has moved attention toward US corporate earnings, suggesting trading demand is being sustained by risk appetite rather than purely by geopolitical stress.
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