JP Morgan executive targets equities and prime broking expansion

JP Morgan is planning to continue growing its prime brokerage and global equities businesses, as well as to restructure its trading platforms, a US analyst has said following a meeting with the investment bank's executive chairman.

Glenn Schorr, a banking analyst at UBS, also said in a recent report that JP Morgan is planning to expand in key emerging markets, and is continuing to integrate and expand its commodities platform. He added that: "Interestingly, JP Morgan also said it would like to do a little more investing on the principal side".

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