New York, Sept 10 (Kiran News): JPMorgan Chase & Co. expects its investment banking revenue to rise in the low double digits in the third quarter of 2025, according to Doug Petno, co-CEO of the bank’s commercial and investment unit. Speaking at an investor conference on Tuesday, Petno also forecast that the bank’s markets revenue will grow in the high teens percentage range for the quarter.
“Geopolitics has created a true fog of uncertainty. But the real positive is that most of our clients are seeing through it and adapting to the volatility around global trade,” Petno said. “As the fog lifts, client sentiment is strong, boardroom confidence is good, and that is reflected in capital market activity.”
Strong M&A, IPO and Equity Market Activity
Petno noted that mergers and acquisitions remain the main driver of activity, with large IPOs returning to market and performing strongly. Equity capital markets are expected to stay robust, with strong deal pipelines in place.
“It has been one of the busiest summers we have seen in a long time,” Petno said, adding that client activity has improved since the slowdown following tariff announcements in April.
JPMorgan has expanded its investment banking workforce aggressively this year, adding several senior bankers across technology, energy, and activism defense, and hiring more than 300 bankers globally between January and April.
Revenue and Profitability Outlook
The bank’s investment banking fees rose 7% year-on-year to $2.5 billion in Q2, beating earlier guidance of a mid-teens percentage decline. Markets revenue also grew 15% to $8.9 billion, supported by gains in both fixed income and equities.
Looking ahead, Petno cautioned that rising compensation costs could weigh on expenses, even as business momentum remains strong.
Shares of JPMorgan were up over 1.5% at $297.64 in midday trading on Tuesday.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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