JPMorgan sees 15% jump in investment banking fees in third quarter

By Nupur Anand and Pritam Biswas

NEW YORK (Reuters) – JPMorgan Chase (NYSE:JPM)’s investment banking fees could climb 15% in the third quarter, its president and chief operating officer Daniel Pinto said on Tuesday.

Trading revenue is expected to be flat or rise 2%, while volumes for mergers and acquisitions will probably stay steady, Pinto told investors at a conference.