JPMorgan Chase forecasts strong Q3 performance in its investment banking and markets divisions, driven by robust client activity and a healthy pipeline of merger and acquisition deals.
JPMorgan expects mid- to high-teens growth in Q3 investment banking fees and markets revenue, signaling strong business momentum.
JPMorgan Chase expects mid- to high-teens year-over-year growth in third-quarter investment banking fees and markets revenue. Co-president Doug Petno cited broad-based strength across products and geographies, noting that client activity and credit quality remain resilient despite ongoing monitoring of AI disruption and geopolitical risks.
The bank expects broad-based strength across fixed income, currencies, commodities, and equities, supported by a strong M&A pipeline and resilient client activity.