JPMorgan Chase & Co. Co-President Doug Petno stated that the bank is observing broad-based strength across its investment banking division and across all geographies.
Petno provided guidance regarding the bank's performance in the third quarter. He indicated that investment banking fees are expected to increase by mid to high teens percentage points during this period.
Additionally, Petno forecasted that trading fees for the third quarter will also see growth in the mid to high teens percentage range.
