$JPM sees 2Q investment banking fees down teens % y/y $GS $MS $BAC $UBS
$JPM says Q2 investment banking fees are tracking down in the mid-teens % range.
$JPM Q2 investment banking fees to be down in mid teens % range - investor day comments - Markets to be up mid to high single digits y/y - Source TradeTheNews
JPMorgan Chase & Co. has provided guidance for its second-quarter performance, indicating that investment banking fees are expected to decline by the mid-teens percentage year-over-year. The firm noted that markets started the quarter strongly but have experienced moderated volatility since then. Despite the decline in investment banking fees, JPMorgan anticipates growth in its markets business in the mid-to-high single digits on a year-over-year basis. This outlook reflects the firm's current assessment of market conditions and business trends for the quarter.
