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JPMorgan see 10% decline in 4Q markets revenue from year-earlier record

Published by maria gbaf

Posted on December 9, 2021

1 min read

· Last updated: January 28, 2026

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JPMorgan Forecasts 10% Decline in Fourth-Quarter Revenue

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)

Key Takeaways

  • JPMorgan anticipates a 10% decline in 4Q markets revenue.
  • Fixed-income trading is the primary factor in the revenue drop.
  • Equity markets revenue remains stable or slightly increased.
  • Investment banking fees are expected to rise by 30%.
  • Expenses will increase in 2022 due to business investments.

Frequently Asked Questions

What is the main topic?
The article discusses JPMorgan's forecast of a 10% decline in fourth-quarter markets revenue compared to the previous year's record.
What factors are affecting JPMorgan's revenue?
The decline is primarily due to a drop in fixed-income trading, while equity markets revenue remains stable.
How are investment banking fees expected to change?
Investment banking fees are expected to increase by about 30% from the previous year.

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