JPMorgan Chase investment banking fees are expected to rise by 45% in the fourth quarter over a year ago, Marianne Lake, the bank's CEO of consumer and community banking, said on Tuesday.

Citigroup's CFO expects strong growth in investment banking fees and market revenue in Q4, with a positive outlook for 2024 revenue guidance.

Citigroup expects a 25% to 30% rise in investment banking fees in the fourth quarter from a year earlier, while market revenue will grow by a "high-teens" percentage, Chief Financial Officer Mark Mason said on Tuesday.

(Reuters) - Bank of America has promoted 387 employees to managing director roles in 2024, 16% more than last year, a person familiar with the matter told Reuters on Wednesday. More than half of those promoted included women and people of color for the fifth consecutive year, the source said requesting anonymity, without providing the exact figure.

JPMorgan briefly spiked Tuesday after a top executive touted a strong outlook for the fourth quarter and year ahead. JPMorgan Chase & Co (NYSE:JPM) jumped more than 5% following the news. The bank's Q4 net interest income is expected to be better than expected,

Chairman and CEO Brian Moynihan feels good about net interest income reaching $14.3B in Q4, vs. $14.1B in Q3 and $13.9B in Q2, he said at the Goldman Sachs U.S. Financial Services Conference on Wednesday.

Bank of America inched higher on Wednesday after chief executive Brian Moynihan forecast better-than-expected net interest income and talked up the bank's deals pipeline. Bank of America Corp (NYSE:BAC) was up slightly following