Wednesday, March 4, 2009 JPMorgan Said to Reap $5 Billion Derivatives Profit

The majority of JPMorgan’s OTC trading profit may have stemmed from interest-rate swaps in 2008, according to revenue figures reported by the OCC. During the first three quarters of last year, JPMorgan took in a total of $6.36 billion in OTC derivatives-trading revenue. Of that, $4.87 billion resulted from interest-rate positions, according to data from the OCC. The remaining $1.49 billion came from foreign-exchange trading. Worldwide

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