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JPMorgan Chase CFO Jeremy Barnum: Investment banking pipeline remains strong, deals are being postponed, not canceled; U.S. consumer spending remains robust.
JPMorgan Chase CFO Jeremy Barnum stated that investment banking conditions remain strong despite a slowdown in the latter half of September, with deals being postponed rather than canceled and the overall business pipeline remaining robust. Barnum also warned that as markets adjust, buyers and sellers may temporarily see increased divergence in valuations. Additionally, U.S. consumer spending remains strong.
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