Key Takeaways Citigroup CFO Mark Mason forecasts that investment banking fees will rise by **mid-20% year-over-year** in the fourth quarter (Q4) of 2025, driven largely by momentum in mergers and acquisitions (M&A). In contrast, Citigroup expects markets revenue for the same period to decline by **low-to-mid single digits** year-over-year. The bank’s global economic outlook remains …
Executive Summary JPMorgan Chase projects that its investment banking revenue will increase by a low-single-digit percentage in the fourth quarter of 2025, with markets revenue rising in the low-teens, citing improved dealmaking conditions and higher trading activity. However, the bank also expects expenses in 2026 to surge to about $105 billion—well above Wall Street’s forecasts. …
JPMorgan Revenue Momentum Hits Headwinds: Fees Up Slightly, Costs Surge to $105B Read More »
Executive Summary Citigroup CFO Mark Mason expects investment banking fees in Q4 2025 to increase by approximately 25% year-over-year, driven by strong M&A activity; market revenues are projected to decline modestly compared to the same period. Meanwhile, the bank is underway with major transformation efforts, with around two-thirds of its cost-cutting and operational streamlining initiatives …
Citigroup Sees 25% Surge in Q4 Investment Banking Fees Amid Soft Market Revenues Read More »
