JPMorgan's Investment-Banking Fees May Rise 30%, Rohrbaugh Says.

JPMorgan Chase & Co. expects investment-banking fees to increase by up to 30% in the second quarter compared to the previous year, surpassing earlier predictions. Troy Rohrbaugh, co-head of the commercial and investment bank, stated that the capital markets remain strong. Revenue from trading is also expected to rise, with equities benefiting from volatility and improved sentiment. In the second quarter of 2023, JPMorgan earned $7.02 billion from fixed-income and equities trading and $1.56 billion in investment-banking fees. [Extracted from the article]

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