JPM - JPMorgan Ups View Expects Q2 IB Revenues to Rise 25-30% | Benzinga
Troy Rohrbaugh, the co-CEO of JPMorgan's (NYSE: JPM) Commercial & Investment Bank ("CIB") segment, has provided an updated outlook for the bank's investment banking ("IB") revenues. At the Morgan Stanley US Financials, Payments & CRE Conference, Rohrbaugh said that IB revenues are likely to increase 25-30% in the second quarter of this year, driven by robust capital markets performance.
This view moved up from the prior guidance provided by the company in May. Last month, JPM forecasted IB revenues to increase in the mid-teen percentage in the second quarter.
Rohrbaugh stated, "Capital markets continues to be extremely robust and the overall franchise has improved."
Likewise, the bank's markets revenues are expected to improve slightly more than the previously ...