JPMorgan Chase on Conference Call; JPM trading at $60.65 in pre-market trade
- Fed did not object to incremental repurchase plan announced in press release.
- Saw record deposit growth in Q1.
- Looking ahead, sees a sequential decline in M&A activity but that will be offset by debt and equity underwriting.
- Expect commercial bank revenue to be up slightly moving forward; Notes costs will also be up as it ramps up SG&A
- Living Will- Disappointed with conclusion of joint committees; working with regulators and committed to meet their expectations.