JPM · News · 20260918N

Investment Banking and Markets Revenue

JPMORGAN CHASE & CO · 2026-09-18 · Importance 60 · Surprise 58 · In source text

JPMorgan expects investment banking fees and markets revenue to rise by mid-to-high teens percentages in the third quarter. The expected growth is supported by a strong mergers-and-acquisitions pipeline and robust equity and fixed-income trading performance. The revenue outlook is exposed to changes in market activity and volatility. Rising operating expenses could pressure profitability even if fee and trading revenue growth materializes.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
revenuepositiveprobable—JPMorgan Chase & Co. anticipates mid-to-high teens percentage growth in investment banking fees and markets revenue for the third quarter.