May 2, 2014 / 8:52 PM / 3 years ago

JPMorgan sees markets revenue declining 20 pct in second quarter

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NEW YORK, May 2 (Reuters) - JPMorgan Chase & Co expects second-quarter markets revenue will be about 20 percent lower than a year earlier, the company said on Friday.

The outlook is based on results so far this quarter which "reflect a continued challenging environment and lower client activity," JPMorgan said in a quarterly filing with the Securities and Exchange Commission. (Reporting by David Henry in New York; Editing by Meredith Mazzilli)

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