JPMorgan Tells Its M&A Bankers to Do More to Close the Gap With Goldman

JPMorgan Chase & Co.’s leadership has told the firm’s investment bankers that they need to work harder to close the gap with rivals including Goldman Sachs Group Inc. on mergers and acquisitions, according to people with knowledge of the matter.

John Simmons and Filippo Gori, co-heads of global banking, delivered the message to staff during an internal meeting this month, the people said. The co-heads said the group had underperformed in M&A in 2025 and that improvement was needed to start winning back market share, according to the people.