JPMorgan Chase & Co. has lowered its expectations for second-quarter investment-banking fees, citing decreased deal activity due to market volatility sparked by President Donald Trump’s policy announcements. The bank expects fees to fall in the mid-teens compared to last year, a move that contradicts analysts’ predictions. JPMorgan’s commercial and investment bank co-CEO Troy Rohrbaugh made the announcement, which led to a 2% drop in the bank’s shares before they recovered some losses. Similarly, other major Wall Street players Goldman Sachs Group Inc. and Morgan Stanley also experienced declines.
Source: https://www.bloomberg.com/news/articles/2025-05-19/jpmorgan-sees-investment-banking-fees-falling-in-mid-teens-range