JPMorgan Beats Peers in Investment Banking Revenue and 2 More Heavily Traded Stocks to Follow

JPMorgan Chase & Co. (NYSE:JPM): Current price $54.43

New research showed on Thursday by the research firm Tricumen indicates that JPMorgan and Citi saw their share of investment banking revenue rise more than any of their peers in the first nine months of 2013. Among the 13 investment banks monitored, JPMorgan and Citi each had their shares of operating revenue increase by 0.7 percentage points during the period. Thus far, JPMorgan earned the most from capital markets, bringing operating revenue to $19.5 billion, above Goldman Sachs and Citi, which made $17.9 billion and $15 billion, respectively. Tricumen partner Darko Kapor said that JPMorgan’s performance came from continued strength in equity and debt capital markets, which are among its largest businesses, together with an impressive third quarter in foreign exchange, interest rates, credit, and equity derivatives trading, in which it outpaced the majority of peers.

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Cisco Systems Inc. (NASDAQ:CSCO): Current price $21.35

Cisco shares are down by about 11.25 percent in late afternoon trading Thursday after the firm warned that its revenue could plunge by as much as 10 percent this quarter and keep shrinking until after the middle of next. Senior portfolio manager at Synovus Trust Co. Daniel Morgan remarked that, “I think it caught people off guard. I think they’re thinking that with Microsoft and other old-line technology companies doing well, that Cisco would come in and at least produce an average quarter.”

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EMC Corp. (NYSE:EMC): Current price $23.73

EMC has announced the general availability of EMCXtremIO, the industry’s first and sole all-flash array to supply consistent and predictable extreme performance to any application workload over any period of time, without regard to whether the array is idle or busy, empty or full. To achieve this, EMC XtremIO is equipped with a number of unique flash innovations, including a scale-out multi-controller architecture with linear scalability; deduplication that is always on, and always inline; data protection that is 6 times more efficient and 4 times quicker than traditional RAID. Inside, EMC XtremIO is architected differently than any other all-flash array. Four key technologies work in tandem to maximize performance without compromising efficiency or durability.

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