JPMorgan Expects 4Q Investment-Banking Fees to Rise 35%

The transcript discusses the bank's strong quarterly results, with expectations of flat equities trading and a decline in fixed income. It explores the potential for continued growth in investment banking, driven by market forces and available capital. The impact of market volatility on underwriting activities is considered, along with comparisons to pre-pandemic business performance levels.

What was the percentage increase in the bank's fourth-quarter results?

• 55%

• 35%

• 45%

• 25%

Which area is expected to see a decline according to the bank's forecast?

• Equities trading

• Fixed income

• Investment banking

• Retail banking

What is one of the factors that might sustain the investment banking boom?

• Decline in market volatility

• Reduced competition

• Dry powder from major firms

• Increased interest rates

Which firms are mentioned as having a lot of dry powder on the sidelines?

• Deutsche Bank, Barclays, UBS

• Goldman Sachs, Morgan Stanley, JP Morgan

• Citigroup, Wells Fargo, HSBC

• Blackstone, Carlyle, Apollo

How does the current business performance compare to 2019 levels?

• Below 2019 levels

• Equal to 2019 levels

• Unchanged since 2019

• Above 2019 levels