Dec 9 (Reuters) - JPMorgan Chase ( JPM ) expects

expenses to climb to about $105 billion in 2026, driven largely

by growth and volume related costs, consumer and community

banking chief Marianne Lake said on Tuesday.

Speaking at the Goldman Sachs Financial Services

Conference in New York, Lake said strategic investments would be

the second-biggest contributor to higher expenses, with the

consumer and community banking unit accounting for a big part of

that expense growth.

Analysts, on average, expect JPMorgan's ( JPM ) expenses to

total $100.84 billion next year, according to LSEG data.

Shares of JPMorgan ( JPM ) fell 4.3%, putting the stock on track

for its biggest one-day drop since April 4.

Lake said investment banking revenue is expected to be up by

the low-single digit percentages in the fourth quarter, while it

expects markets revenue to be up in the low-teens percentages in

the fourth quarter.

She said the environment was more constructive for bank

M&A than it had been.