Investing

JPMorgan, Apple and Crypto: Investments in the Spotlight

Bloomberg Wealth reviews assets that made a splash this week.

An Apple Inc. logo outside a store in New York.

Photographer: Jeenah Moon/Bloomberg

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By Donald Moore and Emily Cadman

October 15, 2021 at 4:36 PM UTC

This article is for subscribers only.

JPMorgan Chase & Co.’s investment bankers had a great quarter. Fees from advising on deals nearly tripled in the third quarter, spurred by a surge in M&A activity and a strong IPO pipeline.

That wasn’t enough to please the markets. Lackluster consumer and commercial loan demand — period-end consumer loans were down 2% and commercial loans down 5% — overshadowed a record M&A quarter. Shares fell 2% on Monday.