JPMorgan Chase & Co.(NYSE:JPM) shares are trading lower after it reported second-quarter FY24 results.

Reported revenue rose 22% Y/Y to $50.2 billion, beating the consensus of $42.3 billion. Net revenue (managed) stood at $51.0 billion (+20% Y/Y) in the quarter.

Consumer & Community Banking (CCB) revenue increased 3% Y/Y to $17.7 billion, and Commercial & Investment Banking was $17.9 billion (+9% Y/Y) in the quarter.

Investment Banking revenue was $2.5 billion, up 46%. Investment Banking fees were up 50% Y/Y, led by higher fees across all products. Asset and Wealth Management (AWM) revenue was $5.3 billion (+6% Y/Y), and Corporate revenue stood at $10.1 billion in the quarter.

In AWM...