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Though the bank ranked first in investment banking fees globally in the first quarter, both revenue and income fell, reflecting turbulence in the markets because of fears that Greece might default on its debt. The stock market rallied in the first quarter, its best since 1998, but trading volume was low as many investors, particularly individuals, decided to stay away. JPMorgan's revenue at its investment bank was $7.3 billion, compared with $8.2 billion last year. Fees fell 23 percent to $1.4 billion. In pre-market trading, JPMorgan stock fell 31 cents to $44.53.
[Associated
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