I was fixated on Credit and forgot to consider the revenue on Commodity Trading (which would include precious metal trading). It is difficulat to comment without a a product line breakdown (not provided in by JPM). Gold and Silver trading are in there somewhere in that $2.8 billion, and I would give an "eye tooth" to see the numbers and the attribution.
Market manipulation is a very profitable business to be in. If all that money has been gouged from punters, I wonder that there are any punters left! LOL
Cheers
why buy gold doesn't help a bank, page-41
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