NEW YORK (Reuters) - JPMorgan Chase & Co (N:JPM) 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)