JPMorgan Chase expects strong growth in investment banking and trading businesses in the first quarter.

J.P. Morgan expects strong growth in investment banking expenses and market revenue in the first quarter, alleviating concerns about the recent stock market sell-off hitting trading channels. In recent weeks, investors have become increasingly worried that the market downturn of software and technology companies due to concerns about the impact of artificial intelligence will harm mergers and acquisitions, as well as the initial public offerings of high-growth technology startups. To alleviate some of these concerns, J.P. Morgan has stated that it currently expects investment banking expenses to increase by double-digit percentage points, possibly reaching the high end of double digits in the first quarter. Doug Petno, Co-President of J.P. Morgan's Commercial and Investment Banking, said, "We are off to a strong start this year. The pipeline is very good and quite broad. On the M&A side, what I would say is that there are strong strategic drivers at play." "I think a lot of deals will survive the volatility and continue on." J.P. Morgan also expects market revenue to increase by double-digit percentage points this quarter.