Top JPMorgan Banker Sees Deals Glut, Yet Market Froth Worries

One of JP Morgan Chase & Co.’s top investment bankers has good and bad news: it’s shaping up to be a vintage year for deal-making, yet financial markets could be over-priced.

“Client are, kind of, looking around. They realize that financing costs are still exceptionally cheap. There is definitely an enormous backlog of transactions that could or should have happened last year,” Filippo Gori, co-head of global banking at JPMorgan, said in an interview with Bloomberg News’s Francine Lacqua at the World Economic Forum in Davos.