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JPMorgan expects investment banking fees to fall by ‘mid-teens’ in second quarter

Investment Banking Editor

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JPMorgan’s investment banking fees could fall by a percentage in the mid-teens in the second quarter, as tariffs imposed by the US government have iced deals.

The Wall Street bank, which tops the investment banking fee league tables, expects dealmaking revenue to decline significantly, Troy Rohrbaugh, co-CEO at JPMorgan’s commercial and investment bank, told analysts during its investor day.

Investment banking activity has been hit by Trump’s move to impose tariffs on trading partners

Paul Clarke

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