financetom
Business
financetom
/
Business
/
JPMorgan expects its Q3 investment banking revenue to grow in low double digits
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
JPMorgan expects its Q3 investment banking revenue to grow in low double digits
Sep 9, 2025 8:49 AM

NEW YORK, Sept 9 (Reuters) - JPMorgan Chase

Co ( JPM )-CEO of investment banking Doug Petno said that investment

banking revenue will grow in low double digits for the third

quarter of this year.

Petno also told an investor conference on Tuesday that

markets revenue would grow in the high teens percentage rate for

the third quarter.

JPMorgan's ( JPM ) investment banking fees grew 7% to $2.5 billion

in the second quarter. That result surpassed its guidance in May

for a decline by a mid-teens percentage.

Investment banking activity was led by mergers and

acquisitions and debt underwriting.

Market turmoil from tariff announcements also propelled the

bank's trading revenue up 15% to $8.9 billion in the second

quarter, driven by gains in both fixed income and equities.

Shares were up 1.8% to $298.15 in midday trading.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
China proposes new global AI cooperation organisation
China proposes new global AI cooperation organisation
Jul 26, 2025
* China proposes framework to govern AI development * AI governance still 'fragmented', China's Li says * Premier warns AI could become 'exclusive game' for few countries * Li says China wants to share its AI development with others * China releases AI governance action plan (Recasts headline, paragraphs 1-3, adds details in paragraphs 5-6, comments from vice foreign minister...
Pony AI says it has permit for driverless robotaxi services in Shanghai area
Pony AI says it has permit for driverless robotaxi services in Shanghai area
Jul 26, 2025
July 26 (Reuters) - Chinese robotaxi operator Pony AI said on Saturday it had received a permit to provide fully driverless commercial robotaxi services in Shanghai's Pudong financial district. Pony AI will launch fully driverless ride-hailing services in the city, starting in the core business district of Jinqiao and Huamu before expanding to other regions, the company said in a...
Investors eye possible US-Europe trade deal as deadline looms
Investors eye possible US-Europe trade deal as deadline looms
Jul 26, 2025
NEW YORK (Reuters) -Investors are hopeful a potential trade deal between the U.S. and European Union could bring more certainty to markets ahead of next Friday's tariffs deadline. European Commission President Ursula von der Leyen was set to meet U.S. President Donald Trump on Sunday in Scotland after EU officials and diplomats said they expected to reach a framework deal...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved