Key Takeaways JPMorgan's IB fees surged 37% in 2024 and rose 12% in Q1 2025 on strong advisory and debt underwriting. CFO Jeremy Barnum flagged uncertainty as a drag on pipeline conversion and new IB activity. Earnings for JPM are expected to dip 7% in 2025, but rebound 5.2% in 2026 per the updated consensus estimate.JPMorgan (JPM) remains a top player in investment banking (IB), ranking #1 in global IB fees. In 2024, the company’s total IB fees soared 37% to $8.91 billion after declining in 2023 and 2022 ...