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JPMorgan smashed it out of the park thanks to growth in one huge business

JPMorgan kicked off earnings season for banks on Friday and crushed it. The firm beat analyst expectations across investment banking and trading — and had a historically strong quarter in one business in particular. In fixed-income trading, JPMorgan reported revenue of $4.33 billion for the quarter — up 45% from the same quarter a year ago — smashing analyst expectations for $3.
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