JPM - JP Morgan Presents Overview At Morgan Stanley Conference Highlighting Strategy And Performance | Benzinga
Event Summary:
- Troy Rohrbaugh, Co-CEO of JPMorgan's CIB, attended Morgan Stanley's Financial Conference, interviewed by Betsy Graseck.
- Discussion focused on JPMorgan's (NYSE: JPM) recent organizational changes, market share, and growth strategies.
- Emphasis on the integration of the corporate and investment bank with the commercial bank into a new segment called CIB
Drivers of Segment Performance:
- Integration of commercial and investment banks aimed at synergies and holistic client coverage.
- Anticipation of increased wallet share with clients by growing alongside them.
- Industry-specific coverage across client segments to deepen relationships.
- Private credit business seen as a significant opportunity, leveraging JPMorgan's position.
- Commercial real estate growth without changing risk appetite, focusing on client selection and expanding services like deposits and payments.
Outlook and Inflection Points:
- Growth in wallet share expected to be more challenging but still achievable.
- Market share gains in fixed income and equities may slow down compared to the past decade.
- Nonbank financials increasing competition in the market share landscape.
- Volatility in markets expected to remain above pre-COVID levels, influencing revenue wallet.
- Banking trending up ...