JPMorgan’s dealmaking revenue surged by 49% in the final quarter of 2024, kicking off a Wall Street bank reporting season that is expected to haul in bumper profits.
The US bank brought in $2.5bn in investment banking fees in the final three months of the year, up by 49% as its revenue from M&A work beat analyst expectations. Marianne Lake, CEO of JPMorgan’s consumer and community banking unit, told a conference in December that investment banking fees were on course to rise by 45% in the fourth quarter.
