JPMorgan Sees Mid-to-High Teens Growth in Q3 Investment Banking and Markets
JPM sits 26% above its 52-week low of $279.1.
Summary
Co-president Doug Petno told a Barclays conference that JPMorgan expects mid- to high-teens year-over-year growth in both investment-banking fees and markets revenue for Q3 2026. He noted a strong pipeline entering the quarter, though markets revenue is expected to be lower than the record Q2. This forward guidance contrasts with Bank of America's projected 10% decline in investment-banking revenue and Citigroup's low single-digit growth, suggesting JPMorgan is gaining share. The bank reports Q3 earnings on Oct. 13, which will confirm whether the pipeline converts as expected.
At the time of this announcement, JPM was trading at $352.70 on NYSE in the Finance sector, with a market capitalization of approximately $937B. The 52-week trading range was $279.10 to $366.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.