JPMorgan (JPM) Expecting Q3 Trading Sales to Tumble 30%; Sees 'Modest Loss' in PE

JPMorgan (NYSE: JPM) just released some guidance in slides for a presentation at the Barclays Capital Global Financial Services Conference.

Below are some highlights:

• sees third-quarter trading sales down about 30 percent from the second quarter;
  
• Q3 investment-banking fees expected to be in the range of $1 billion;
  
• sees a "modest loss" in private equity; and
  
• expecting further litigation costs

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