JPMorgan Chase Sees Mid-Teens Growth in Q3 Banking Fees and Markets Revenue

JPMorgan expects investment banking, trading to shine in third quarter

JPMorgan Chase Sees Mid-Teens Growth in Q3 Banking Fees and Markets Revenue

Doug Petno, co-president and CEO of the Commercial and Investment Bank at JPMorgan Chase & Co. (NYSE:JPM), said the bank expects broad-based strength in investment banking and markets during the third quarter, while emphasizing that the firm is maintaining underwriting and capital-allocation dis

JPMorgan Forecasts Strong Third Quarter Growth

JPMorgan Chase has signalled a robust third quarter, with co-President Doug Petno projecting strong growth in investment banking fees and trading revenue. As a prominent global financial services firm, JPMorgan Chase provides a broad range of financial services, including investment and commercial banking, to clients worldwide. The optimistic outlook, shared at the Barclays Global Financial

JPMorgan's Petno sees bank fees surging while warning the cycle feels 'too good'

finished more than 1% higher on Tuesday after co-president Doug Petno delivered an upbeat third quarter revenue forecast. Petno, who is CEO of JPMorgan's commercial and investment bank, said he expects the firm's investment banking and trading fees for the third quarter to be up in the "mid to…

JPMorgan co-president expects Q3 investment banking and trading fees to rise by mid-to-high teens

JPMorgan's optimistic forecast suggests potential resilience in financial markets, contrasting with broader industry caution and economic uncertainty.