Investment Banking
Advisory and underwriting fees rose 13% year over year in 3Q26, pointing to a busier deal market.
The numbers
What it is
Advisory on mergers and acquisitions and underwriting of equity and debt for corporate and public-sector clients. Fees are booked when deals close or underwriting completes.
Why it matters to the stock. Investment banking fees track the M&A and capital-markets cycle. A rise in fees usually shows up before trading revenue turns, so it is a leading read on deal flow.
News
JPMorgan Q1 2026 net income $16.5B, EPS $5.94; CIB net income up 30%
JPMorgan reported first-quarter 2026 net income of $16.5 billion, or $5.94 per diluted share, up from $5.07 a year earlier.
Earnings