JPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts

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JPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts

Bloomberg2022-09-14

Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about headcount reductionsJPMorgan Chase & Co.’s investment-banking fees may fall by half in the third ...

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Annalz
·2022-09-14
JP is eagle
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TheRainmaker
·2022-09-14
Ok
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  2022-09-14
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ZGChen84
·2022-09-14
[Doubt]
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IAS
·2022-09-14
[Sad]
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YauDK
·2022-09-14
Ye
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  2022-09-14
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Ah Deck
·2022-09-14
Pls like
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JPMorgan pulled in $3.3 billion in investment-banking fees in the third quarter of last year, boosted by record advisory revenue.</p><p>The firm expects markets revenue to increase 5% for the same period, Pinto said. Macro businesses are boosting fixed-income trading results while equity markets are trending down against a third-quarter record of $2.6 billion a year ago.</p><p>Pinto, who has been sole president of JPMorgan for almost a year and continues to oversee the corporate and investment bank, also touched on headcount. The potential for layoffs has been a major point of focus across Wall Street in recent months, punctuated by the news Monday that rival Goldman Sachs Group Inc.plansto eliminate several hundred jobs starting this month.</p><p>“You need to be very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward,” Pinto said. “The banking business has a big component of variable compensation, so therefore you can adjust not just letting people go, you can adjust by reducing comp.”</p><p>In the wide-ranging presentation, Pinto also discussed his economic outlook. He outlined two central scenarios with equal probabilities: a soft landing with the Fed’s benchmark rate at around 4%, or the central bank having to go a bit further than that to tame inflation, prompting a couple quarters of a shallow recession. 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JPMorgan pulled in $3.3 billion in investment-banking fees in the third quarter of last year, boosted by record advisory revenue.The firm expects markets revenue to increase 5% for the same period, Pinto said. Macro businesses are boosting fixed-income trading results while equity markets are trending down against a third-quarter record of $2.6 billion a year ago.Pinto, who has been sole president of JPMorgan for almost a year and continues to oversee the corporate and investment bank, also touched on headcount. The potential for layoffs has been a major point of focus across Wall Street in recent months, punctuated by the news Monday that rival Goldman Sachs Group Inc.plansto eliminate several hundred jobs starting this month.“You need to be very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward,” Pinto said. “The banking business has a big component of variable compensation, so therefore you can adjust not just letting people go, you can adjust by reducing comp.”In the wide-ranging presentation, Pinto also discussed his economic outlook. He outlined two central scenarios with equal probabilities: a soft landing with the Fed’s benchmark rate at around 4%, or the central bank having to go a bit further than that to tame inflation, prompting a couple quarters of a shallow recession. 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JPMorgan pulled in $3.3 billion in investment-banking fees in the third quarter of last year, boosted by record advisory revenue.</p><p>The firm expects markets revenue to increase 5% for the same period, Pinto said. Macro businesses are boosting fixed-income trading results while equity markets are trending down against a third-quarter record of $2.6 billion a year ago.</p><p>Pinto, who has been sole president of JPMorgan for almost a year and continues to oversee the corporate and investment bank, also touched on headcount. The potential for layoffs has been a major point of focus across Wall Street in recent months, punctuated by the news Monday that rival Goldman Sachs Group Inc.plansto eliminate several hundred jobs starting this month.</p><p>“You need to be very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward,” Pinto said. “The banking business has a big component of variable compensation, so therefore you can adjust not just letting people go, you can adjust by reducing comp.”</p><p>In the wide-ranging presentation, Pinto also discussed his economic outlook. He outlined two central scenarios with equal probabilities: a soft landing with the Fed’s benchmark rate at around 4%, or the central bank having to go a bit further than that to tame inflation, prompting a couple quarters of a shallow recession. He added that, in general, the US consumer is in a good place.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-14 08:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about headcount reductionsJPMorgan Chase & Co.’s investment-banking fees may fall by half in the third ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197546096","content_text":"Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about headcount reductionsJPMorgan Chase & Co.’s investment-banking fees may fall by half in the third quarter as clients stay on the sidelines amid uncertainty around inflation, Federal Reserve interest-rate hikes and the potential for a recession.Revenue that the biggest US bank makes from underwriting debt and equity and advising on deals could drop 45% to 50% in the three months through Sept. 30, President Daniel Pinto said Tuesday at a Barclays Plc conference in New York. JPMorgan pulled in $3.3 billion in investment-banking fees in the third quarter of last year, boosted by record advisory revenue.The firm expects markets revenue to increase 5% for the same period, Pinto said. Macro businesses are boosting fixed-income trading results while equity markets are trending down against a third-quarter record of $2.6 billion a year ago.Pinto, who has been sole president of JPMorgan for almost a year and continues to oversee the corporate and investment bank, also touched on headcount. The potential for layoffs has been a major point of focus across Wall Street in recent months, punctuated by the news Monday that rival Goldman Sachs Group Inc.plansto eliminate several hundred jobs starting this month.“You need to be very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward,” Pinto said. “The banking business has a big component of variable compensation, so therefore you can adjust not just letting people go, you can adjust by reducing comp.”In the wide-ranging presentation, Pinto also discussed his economic outlook. He outlined two central scenarios with equal probabilities: a soft landing with the Fed’s benchmark rate at around 4%, or the central bank having to go a bit further than that to tame inflation, prompting a couple quarters of a shallow recession. He added that, in general, the US consumer is in a good place.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":103913520,"gmtCreate":1663119005037,"gmtModify":1663258835655,"authorId":3562288345465729,"author":{"id":3562288345465729,"idStr":"3562288345465729","authorId":3562288345465729,"name":"TheRainmaker","avatar":"https://static.tigerbbs.com/a2446b188392bb216f8e13ba56e44832","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9935498019,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9935578393,"gmtCreate":1663117460412,"gmtModify":1676537206878,"author":{"id":"4107323280915450","authorId":"4107323280915450","name":"ZGChen84","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4107323280915450","authorIdStr":"4107323280915450"},"htmlText":"[Doubt]&nbsp;","listText":"[Doubt]&nbsp;","text":"[Doubt]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935578393","repostId":1197546096,"repostType":4,"repost":{"id":"1197546096","kind":"news","pubTimestamp":1663115813,"share":"https://ttm.financial/m/news/1197546096?lang=&edition=fundamental","pubTime":"2022-09-14 08:36","market":"us","language":"en","title":"JPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts","url":"https://stock-news.laohu8.com/highlight/detail?id=1197546096","media":"Bloomberg","summary":"Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about hea","content":"<html><head></head><body><ul><li>Markets revenue expected to climb 5% for the same period</li><li>Says bank has to be ‘very careful’ about headcount reductions</li></ul><p>JPMorgan Chase &amp; Co.’s investment-banking fees may fall by half in the third quarter as clients stay on the sidelines amid uncertainty around inflation, Federal Reserve interest-rate hikes and the potential for a recession.</p><p>Revenue that the biggest US bank makes from underwriting debt and equity and advising on deals could drop 45% to 50% in the three months through Sept. 30, President Daniel Pinto said Tuesday at a Barclays Plc conference in New York. JPMorgan pulled in $3.3 billion in investment-banking fees in the third quarter of last year, boosted by record advisory revenue.</p><p>The firm expects markets revenue to increase 5% for the same period, Pinto said. Macro businesses are boosting fixed-income trading results while equity markets are trending down against a third-quarter record of $2.6 billion a year ago.</p><p>Pinto, who has been sole president of JPMorgan for almost a year and continues to oversee the corporate and investment bank, also touched on headcount. The potential for layoffs has been a major point of focus across Wall Street in recent months, punctuated by the news Monday that rival Goldman Sachs Group Inc.plansto eliminate several hundred jobs starting this month.</p><p>“You need to be very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward,” Pinto said. “The banking business has a big component of variable compensation, so therefore you can adjust not just letting people go, you can adjust by reducing comp.”</p><p>In the wide-ranging presentation, Pinto also discussed his economic outlook. He outlined two central scenarios with equal probabilities: a soft landing with the Fed’s benchmark rate at around 4%, or the central bank having to go a bit further than that to tame inflation, prompting a couple quarters of a shallow recession. He added that, in general, the US consumer is in a good place.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-14 08:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about headcount reductionsJPMorgan Chase & Co.’s investment-banking fees may fall by half in the third ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197546096","content_text":"Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about headcount reductionsJPMorgan Chase & Co.’s investment-banking fees may fall by half in the third quarter as clients stay on the sidelines amid uncertainty around inflation, Federal Reserve interest-rate hikes and the potential for a recession.Revenue that the biggest US bank makes from underwriting debt and equity and advising on deals could drop 45% to 50% in the three months through Sept. 30, President Daniel Pinto said Tuesday at a Barclays Plc conference in New York. JPMorgan pulled in $3.3 billion in investment-banking fees in the third quarter of last year, boosted by record advisory revenue.The firm expects markets revenue to increase 5% for the same period, Pinto said. Macro businesses are boosting fixed-income trading results while equity markets are trending down against a third-quarter record of $2.6 billion a year ago.Pinto, who has been sole president of JPMorgan for almost a year and continues to oversee the corporate and investment bank, also touched on headcount. The potential for layoffs has been a major point of focus across Wall Street in recent months, punctuated by the news Monday that rival Goldman Sachs Group Inc.plansto eliminate several hundred jobs starting this month.“You need to be very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward,” Pinto said. “The banking business has a big component of variable compensation, so therefore you can adjust not just letting people go, you can adjust by reducing comp.”In the wide-ranging presentation, Pinto also discussed his economic outlook. He outlined two central scenarios with equal probabilities: a soft landing with the Fed’s benchmark rate at around 4%, or the central bank having to go a bit further than that to tame inflation, prompting a couple quarters of a shallow recession. He added that, in general, the US consumer is in a good place.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9935579863,"gmtCreate":1663117167652,"gmtModify":1676537206801,"author":{"id":"3576136694569207","authorId":"3576136694569207","name":"IAS","avatar":"https://static.tigerbbs.com/933fbcc1d9c75b4ff82486f8a48a3e7c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3576136694569207","authorIdStr":"3576136694569207"},"htmlText":"[Sad]&nbsp;","listText":"[Sad]&nbsp;","text":"[Sad]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935579863","repostId":1197546096,"repostType":4,"repost":{"id":"1197546096","kind":"news","pubTimestamp":1663115813,"share":"https://ttm.financial/m/news/1197546096?lang=&edition=fundamental","pubTime":"2022-09-14 08:36","market":"us","language":"en","title":"JPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts","url":"https://stock-news.laohu8.com/highlight/detail?id=1197546096","media":"Bloomberg","summary":"Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about hea","content":"<html><head></head><body><ul><li>Markets revenue expected to climb 5% for the same period</li><li>Says bank has to be ‘very careful’ about headcount reductions</li></ul><p>JPMorgan Chase &amp; Co.’s investment-banking fees may fall by half in the third quarter as clients stay on the sidelines amid uncertainty around inflation, Federal Reserve interest-rate hikes and the potential for a recession.</p><p>Revenue that the biggest US bank makes from underwriting debt and equity and advising on deals could drop 45% to 50% in the three months through Sept. 30, President Daniel Pinto said Tuesday at a Barclays Plc conference in New York. JPMorgan pulled in $3.3 billion in investment-banking fees in the third quarter of last year, boosted by record advisory revenue.</p><p>The firm expects markets revenue to increase 5% for the same period, Pinto said. Macro businesses are boosting fixed-income trading results while equity markets are trending down against a third-quarter record of $2.6 billion a year ago.</p><p>Pinto, who has been sole president of JPMorgan for almost a year and continues to oversee the corporate and investment bank, also touched on headcount. The potential for layoffs has been a major point of focus across Wall Street in recent months, punctuated by the news Monday that rival Goldman Sachs Group Inc.plansto eliminate several hundred jobs starting this month.</p><p>“You need to be very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward,” Pinto said. “The banking business has a big component of variable compensation, so therefore you can adjust not just letting people go, you can adjust by reducing comp.”</p><p>In the wide-ranging presentation, Pinto also discussed his economic outlook. He outlined two central scenarios with equal probabilities: a soft landing with the Fed’s benchmark rate at around 4%, or the central bank having to go a bit further than that to tame inflation, prompting a couple quarters of a shallow recession. He added that, in general, the US consumer is in a good place.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-14 08:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about headcount reductionsJPMorgan Chase & Co.’s investment-banking fees may fall by half in the third ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197546096","content_text":"Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about headcount reductionsJPMorgan Chase & Co.’s investment-banking fees may fall by half in the third quarter as clients stay on the sidelines amid uncertainty around inflation, Federal Reserve interest-rate hikes and the potential for a recession.Revenue that the biggest US bank makes from underwriting debt and equity and advising on deals could drop 45% to 50% in the three months through Sept. 30, President Daniel Pinto said Tuesday at a Barclays Plc conference in New York. JPMorgan pulled in $3.3 billion in investment-banking fees in the third quarter of last year, boosted by record advisory revenue.The firm expects markets revenue to increase 5% for the same period, Pinto said. Macro businesses are boosting fixed-income trading results while equity markets are trending down against a third-quarter record of $2.6 billion a year ago.Pinto, who has been sole president of JPMorgan for almost a year and continues to oversee the corporate and investment bank, also touched on headcount. The potential for layoffs has been a major point of focus across Wall Street in recent months, punctuated by the news Monday that rival Goldman Sachs Group Inc.plansto eliminate several hundred jobs starting this month.“You need to be very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward,” Pinto said. “The banking business has a big component of variable compensation, so therefore you can adjust not just letting people go, you can adjust by reducing comp.”In the wide-ranging presentation, Pinto also discussed his economic outlook. He outlined two central scenarios with equal probabilities: a soft landing with the Fed’s benchmark rate at around 4%, or the central bank having to go a bit further than that to tame inflation, prompting a couple quarters of a shallow recession. He added that, in general, the US consumer is in a good place.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9935547650,"gmtCreate":1663117091470,"gmtModify":1676537206744,"author":{"id":"3580072870029753","authorId":"3580072870029753","name":"YauDK","avatar":"https://static.tigerbbs.com/4e00c10df4000c04392220903422d15f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580072870029753","authorIdStr":"3580072870029753"},"htmlText":"Ye&nbsp;","listText":"Ye&nbsp;","text":"Ye","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9935547650","repostId":1197546096,"repostType":4,"repost":{"id":"1197546096","kind":"news","pubTimestamp":1663115813,"share":"https://ttm.financial/m/news/1197546096?lang=&edition=fundamental","pubTime":"2022-09-14 08:36","market":"us","language":"en","title":"JPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts","url":"https://stock-news.laohu8.com/highlight/detail?id=1197546096","media":"Bloomberg","summary":"Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about hea","content":"<html><head></head><body><ul><li>Markets revenue expected to climb 5% for the same period</li><li>Says bank has to be ‘very careful’ about headcount reductions</li></ul><p>JPMorgan Chase &amp; Co.’s investment-banking fees may fall by half in the third quarter as clients stay on the sidelines amid uncertainty around inflation, Federal Reserve interest-rate hikes and the potential for a recession.</p><p>Revenue that the biggest US bank makes from underwriting debt and equity and advising on deals could drop 45% to 50% in the three months through Sept. 30, President Daniel Pinto said Tuesday at a Barclays Plc conference in New York. JPMorgan pulled in $3.3 billion in investment-banking fees in the third quarter of last year, boosted by record advisory revenue.</p><p>The firm expects markets revenue to increase 5% for the same period, Pinto said. Macro businesses are boosting fixed-income trading results while equity markets are trending down against a third-quarter record of $2.6 billion a year ago.</p><p>Pinto, who has been sole president of JPMorgan for almost a year and continues to oversee the corporate and investment bank, also touched on headcount. The potential for layoffs has been a major point of focus across Wall Street in recent months, punctuated by the news Monday that rival Goldman Sachs Group Inc.plansto eliminate several hundred jobs starting this month.</p><p>“You need to be very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward,” Pinto said. “The banking business has a big component of variable compensation, so therefore you can adjust not just letting people go, you can adjust by reducing comp.”</p><p>In the wide-ranging presentation, Pinto also discussed his economic outlook. He outlined two central scenarios with equal probabilities: a soft landing with the Fed’s benchmark rate at around 4%, or the central bank having to go a bit further than that to tame inflation, prompting a couple quarters of a shallow recession. He added that, in general, the US consumer is in a good place.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-14 08:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about headcount reductionsJPMorgan Chase & Co.’s investment-banking fees may fall by half in the third ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197546096","content_text":"Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about headcount reductionsJPMorgan Chase & Co.’s investment-banking fees may fall by half in the third quarter as clients stay on the sidelines amid uncertainty around inflation, Federal Reserve interest-rate hikes and the potential for a recession.Revenue that the biggest US bank makes from underwriting debt and equity and advising on deals could drop 45% to 50% in the three months through Sept. 30, President Daniel Pinto said Tuesday at a Barclays Plc conference in New York. JPMorgan pulled in $3.3 billion in investment-banking fees in the third quarter of last year, boosted by record advisory revenue.The firm expects markets revenue to increase 5% for the same period, Pinto said. Macro businesses are boosting fixed-income trading results while equity markets are trending down against a third-quarter record of $2.6 billion a year ago.Pinto, who has been sole president of JPMorgan for almost a year and continues to oversee the corporate and investment bank, also touched on headcount. The potential for layoffs has been a major point of focus across Wall Street in recent months, punctuated by the news Monday that rival Goldman Sachs Group Inc.plansto eliminate several hundred jobs starting this month.“You need to be very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward,” Pinto said. “The banking business has a big component of variable compensation, so therefore you can adjust not just letting people go, you can adjust by reducing comp.”In the wide-ranging presentation, Pinto also discussed his economic outlook. He outlined two central scenarios with equal probabilities: a soft landing with the Fed’s benchmark rate at around 4%, or the central bank having to go a bit further than that to tame inflation, prompting a couple quarters of a shallow recession. He added that, in general, the US consumer is in a good place.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":103912878,"gmtCreate":1663117104223,"gmtModify":1663258834249,"authorId":3580072870029753,"author":{"id":3580072870029753,"idStr":"3580072870029753","authorId":3580072870029753,"name":"YauDK","avatar":"https://static.tigerbbs.com/4e00c10df4000c04392220903422d15f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9935547650,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ye</span>","text":"<span class=\"s1\">Ye</span>","html":"<span class=\"s1\">Ye</span>"}],"langContent":"EN"},{"id":9935552522,"gmtCreate":1663116322066,"gmtModify":1676537206363,"author":{"id":"4098445225447010","authorId":"4098445225447010","name":"Ah Deck","avatar":"https://static.tigerbbs.com/0e52eb1e14e0f630d24f1687ea546cd8","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4098445225447010","authorIdStr":"4098445225447010"},"htmlText":"Pls like&nbsp;","listText":"Pls like&nbsp;","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9935552522","repostId":1197546096,"repostType":2,"repost":{"id":"1197546096","kind":"news","pubTimestamp":1663115813,"share":"https://ttm.financial/m/news/1197546096?lang=&edition=fundamental","pubTime":"2022-09-14 08:36","market":"us","language":"en","title":"JPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts","url":"https://stock-news.laohu8.com/highlight/detail?id=1197546096","media":"Bloomberg","summary":"Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about hea","content":"<html><head></head><body><ul><li>Markets revenue expected to climb 5% for the same period</li><li>Says bank has to be ‘very careful’ about headcount reductions</li></ul><p>JPMorgan Chase &amp; Co.’s investment-banking fees may fall by half in the third quarter as clients stay on the sidelines amid uncertainty around inflation, Federal Reserve interest-rate hikes and the potential for a recession.</p><p>Revenue that the biggest US bank makes from underwriting debt and equity and advising on deals could drop 45% to 50% in the three months through Sept. 30, President Daniel Pinto said Tuesday at a Barclays Plc conference in New York. JPMorgan pulled in $3.3 billion in investment-banking fees in the third quarter of last year, boosted by record advisory revenue.</p><p>The firm expects markets revenue to increase 5% for the same period, Pinto said. Macro businesses are boosting fixed-income trading results while equity markets are trending down against a third-quarter record of $2.6 billion a year ago.</p><p>Pinto, who has been sole president of JPMorgan for almost a year and continues to oversee the corporate and investment bank, also touched on headcount. The potential for layoffs has been a major point of focus across Wall Street in recent months, punctuated by the news Monday that rival Goldman Sachs Group Inc.plansto eliminate several hundred jobs starting this month.</p><p>“You need to be very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward,” Pinto said. “The banking business has a big component of variable compensation, so therefore you can adjust not just letting people go, you can adjust by reducing comp.”</p><p>In the wide-ranging presentation, Pinto also discussed his economic outlook. He outlined two central scenarios with equal probabilities: a soft landing with the Fed’s benchmark rate at around 4%, or the central bank having to go a bit further than that to tame inflation, prompting a couple quarters of a shallow recession. He added that, in general, the US consumer is in a good place.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Deal Fees Shrinking 50%, Cites Caution on Job Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-14 08:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about headcount reductionsJPMorgan Chase & Co.’s investment-banking fees may fall by half in the third ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://www.bloomberg.com/news/articles/2022-09-13/jpmorgan-investment-banking-fees-seen-down-50-in-third-quarter","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197546096","content_text":"Markets revenue expected to climb 5% for the same periodSays bank has to be ‘very careful’ about headcount reductionsJPMorgan Chase & Co.’s investment-banking fees may fall by half in the third quarter as clients stay on the sidelines amid uncertainty around inflation, Federal Reserve interest-rate hikes and the potential for a recession.Revenue that the biggest US bank makes from underwriting debt and equity and advising on deals could drop 45% to 50% in the three months through Sept. 30, President Daniel Pinto said Tuesday at a Barclays Plc conference in New York. JPMorgan pulled in $3.3 billion in investment-banking fees in the third quarter of last year, boosted by record advisory revenue.The firm expects markets revenue to increase 5% for the same period, Pinto said. Macro businesses are boosting fixed-income trading results while equity markets are trending down against a third-quarter record of $2.6 billion a year ago.Pinto, who has been sole president of JPMorgan for almost a year and continues to oversee the corporate and investment bank, also touched on headcount. The potential for layoffs has been a major point of focus across Wall Street in recent months, punctuated by the news Monday that rival Goldman Sachs Group Inc.plansto eliminate several hundred jobs starting this month.“You need to be very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward,” Pinto said. “The banking business has a big component of variable compensation, so therefore you can adjust not just letting people go, you can adjust by reducing comp.”In the wide-ranging presentation, Pinto also discussed his economic outlook. He outlined two central scenarios with equal probabilities: a soft landing with the Fed’s benchmark rate at around 4%, or the central bank having to go a bit further than that to tame inflation, prompting a couple quarters of a shallow recession. He added that, in general, the US consumer is in a good place.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":103914720,"gmtCreate":1663121963790,"gmtModify":1663258841839,"authorId":4094787128284850,"author":{"id":4094787128284850,"idStr":"4094787128284850","authorId":4094787128284850,"name":"Gladys8jk","avatar":"https://static.tigerbbs.com/789bbf473867763cd44be080e269826d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9935552522,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":90,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}