JPMorgan Chase (JPM) expects that markets revenue will rise in the mid-teens. “We’re hopeful for the quarter,” Troy Rohrbaugh, co-CEO of the Commercial & Investment Bank, said at the company’s 2026 investor update. “It started out well.”
“We started the year strong. Pipelines are very strong,” added Doug Petno, co-CEO of the Commercial & Investment Bank.
In private equity, “they have tremendous dry powder” and are looking to invest, even though there’s some frustration in monetization of investments, Petno added.
“I’m shocked that people are shocked,” Rohrbaugh said in discussing the recent private credit turmoil, adding that JPMorgan has prepared for that possibility. “There’s still lots of capital in the private capital ecosystem,” he noted.
Petno emphasized that the bank advises its clients with its focus on returns rather than an investment type.
Earlier, JPMorgan’s chief financial officer, Jeremy Barnum, said the macro backdrop remains supportive while the consumer continues to be resilient.