One Equity Partners: A Silver Lining in J.P. Morgan’s Cloud #ShashaDai @WSJ @resilient_ent #PrivateEquity

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Despite lower second-quarter earnings at J.P. Morgan Chase & Co., the bank’s private equity business held up relatively well. The buyout arm, known as One Equity Partners, posted a net income of $197 million for the second quarter on net revenue of $410 million. The income compared with a net loss of $247 million for the same 2011 period, and a net income of $63 million for the first quarter of this year. To put the numbers in perspective, private equity has about $8 billion assets under management, or 5.5% of shareholder equity of the parent bank. By comparison, JPMorgan posted $4.96 billion in second-quarter earnings, down from $5.43 billion a year earlier. 

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