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JPMorgan Cushions Q3 Capital Markets Slump with Strong Lending Growth

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The Story

News Summary

  • Evercore reports third-quarter capital markets trends are tracking below expectations due to weak debt underwriting, despite strong equity issuance and M&A.
  • While pure-play investment banks face earnings pressure, JPMorgan's diversified business mix and solid 6% loan and deposit growth provide strong earnings buffers against potential shortfalls.
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JPM price history

356.23 +21.24% over the displayed period

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