Several major Wall Street banks reveal rising costs, hidden concerns emerge behind the trading business boom

Active trading often drives up bank costs, and many banks will increase compensation for employees in related departments. JPMorgan Chief Financial Officer Jeremy Barnum stated that for the bank, this kind of cost increase is considered "healthy," mainly reflecting a strong start to the year. However, JPMorgan has still raised its full-year expense forecast to about $107.5 billion, higher than the increase indicated earlier this year by CEO Jamie Dimon. Expand