JPM · News · 20260916N
Investment Banking Demand Trends
JPMORGAN CHASE & CO · 2026-09-16 · Importance 30 · Surprise 40 · In source text
JPMorgan’s Commercial & Investment Bank expects strong third-quarter investment-banking fees and markets revenue, with reported growth in the mid-to-high teens. Co-president Doug Petno described demand as broad-based across the division, indicating continued activity in advisory, underwriting and trading markets. He also said private-equity activity has returned to normal levels, while cautioning that some 2019–2021 vintage investments and parts of the private-credit market remain areas of concern.
Key facts
- JPMorgan forecast mid-to-high-teens growth in investment-banking fees and markets revenue for the third quarter. source
- JPMorgan's Commercial & Investment Bank co-president Doug Petno stated the bank anticipates strong third-quarter investment banking fees and markets revenue with broad-based strength across the division. source
- Zacks Research noted JPMorgan anticipates strong third-quarter investment banking and trading revenues. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | JPMorgan forecast mid-to-high-teens growth in investment-banking fees and markets revenue for the third quarter. |