Business
JPMorgan see 10% decline in 4Q markets revenue from year-earlier record
Published by maria gbaf
Posted on December 9, 2021
1 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on December 9, 2021
1 min readLast updated: January 28, 2026
JPMorgan forecasts a 10% decline in 4Q markets revenue, driven by a drop in fixed-income trading. Equity markets are stable, and investment banking fees rise.
NEW YORK (Reuters) – JPMorgan Chase & Co expects its fourth-quarter markets revenue will be down about 10 percent from a record performance a year earlier, Chief Operating Officer Daniel Pinto said on Wednesday.
Fixed-income trading is leading the decline while equity markets revenue is flat to slightly up, Pinto said at an investor conference hosted by Goldman Sachs.
Investment banking fees will be up about 30% from a year earlier.
Expenses will continue to rise in 2022 as the bank makes more investments in its business, Pinto said, adding that the bank will give details on the spending next month when it reports results.
(Reporting by David Henry in New York; editing by Diane Craft)
The article discusses JPMorgan's forecast of a 10% decline in fourth-quarter markets revenue compared to the previous year's record.
The decline is primarily due to a drop in fixed-income trading, while equity markets revenue remains stable.
Investment banking fees are expected to increase by about 30% from the previous year.
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