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Investment Banking

Midsize companies are big business for Wall Street’s megabanks

With fewer large deals, banks including JPMorgan are earning more fees from smaller outfits

Dining chain Cava uses JPMorgan for everyday financial services
Dining chain Cava uses JPMorgan for everyday financial services Photo: Spencer Platt/Getty Images

America’s biggest bank has a thing for midsize companies.

Known for financing and advising megamergers, JPMorgan Chase is spending more of its resources on doing deals for companies valued at $2bn or less.

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