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2026-07-15 23:43:17
[JPMorgan Chase and Morgan Stanley Raise Funds Through Bond Issuance Following Strong Earnings] JPMorgan Chase and Morgan Stanley are seeking to raise funds in the U.S. high-grade bond market after reporting strong earnings. This issuance continues the fundraising frenzy among Wall Street giants this quarter. This round of financing began with Goldman Sachs launching a $10 billion bond offering on Tuesday, followed by a three-part euro bond offering on Wednesday. Earnings from major U.S. banks this week generally exceeded analysts' expectations, benefiting from strong market performance, continued volatility, and a recovery in M&A activity. Meanwhile, lower-than-expected inflation data further eased market concerns about an impending Federal Reserve rate hike, boosting both stock and bond markets. According to sources familiar with the matter, JPMorgan Chase will issue four tranches of bonds with maturities ranging from four to 15 years, with the initial price guidance for the longest-term bond being approximately 150 basis points above the yield on U.S. Treasury bonds. Another source familiar with the matter said that Morgan Stanley is also issuing four tranches of bonds with maturities between three and 11 years. The source requested anonymity as they were not authorized to speak publicly. The initial price guidance for the longest-term bond is approximately 130 basis points higher than the yield on U.S. Treasury bonds.
