J.P. Morgan’s assets under custody rise 12 percent for Q4 2012
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J.P. Morgan’s assets under custody rise 12 percent for Q4 2012 18 January 2013New York Reporter: Georgina Lavers
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J.P. Morgan’s Corporate & Investment Bank reported record debt underwriting fees and maintained its number one ranking for Global Investment Banking fees, as well as record assets under custody of $18.8 trillion, up 12 percent from the Q4 2011 results.
Assets under supervision were $2.1 trillion, an increase of $174 billion, or 9 percent, year-on-year.
Assets under management were $1.4 trillion, an increase of $90 billion, or 7 percent, due to the effect of higher market levels and net inflows to long-term products, partially offset by net outflows from liquidity products.
Custody, brokerage, administration and deposit balances were $669 billion, up $84 billion, or 14 percent, due to the effect of higher market levels and custody and brokerage inflows.
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