Latest news with #MattSable
Yahoo
7 hours ago
- Business
- Yahoo
New JPMorgan survey finds rising recession fears at mid-sized firms
Leaders of middle market businesses are much less optimistic about the U.S. economy than they were at the start of this year. Just 32%—or about one in three—of middle market business leaders have confidence in the national outlook, down from 65% in January. And significantly, one-fourth (25%) now expect a recession, up from 8% at the beginning of the year, according to a survey from JPMorgan Chase. Meanwhile, 55% of the business leaders in the survey cited uncertain economic conditions as the top challenge facing their company. This was followed by tariffs, cited by 41% of executives, along with revenue and sales growth, which also received 41%, JPMorgan said. Surprisingly, despite the decline in economic optimism, business leaders remain bullish about their individual businesses. A majority, or 85%, of respondents predicted steady to increased company performance through the end of the year, said Matt Sable, co-head of JPMorgan commercial banking. More than two-thirds, or 78%, expect revenue and sales to increase or remain the same, while 73% expect profits to jump or hold steady. Thirty-seven percent plan to increase headcount, while 45% anticipate no changes to staffing. 'Business leaders are resilient, and it's in their nature to be thinking about what's ahead. While the near-term may seem uncertain, they're operating with a long-term view, focusing on what they can control to run and grow their businesses,' Sable told Fortune by email. For the past 15 years, JPMorgan Chase has questioned U.S. middle market business owners and leaders on the challenges and opportunities they face as part of its Business Leaders Outlook survey. The bank typically queries executives at the end of each year and reports its results in January, a spokeswoman said. Sometimes, it conducts a mid-year online survey. In June, JPMorgan questioned executives from various industries and received 718 responses. JPMorgan defines middle market businesses as companies with annual revenue between $20 million and $500 million. Business leaders are still operating cautiously. Nearly half, or 44%, of the middle market executives said external factors caused them to delay their business plans to some extent. Of those who changed their plans, 74% blamed policy uncertainty—which includes tariffs, regulations and trade policies. Thirty-seven percent of leaders pointed to market volatility and another 37% mentioned shifts in customer demands. More than one-third, or 35%, cited geopolitical events. 'Leaders are recalibrating where necessary to ensure they can continue to deliver for their clients and communities, highlighting their resilience and determination,' Sable said in a statement. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
10 hours ago
- Business
- Business Wire
J.P. Morgan Survey: Middle Market Business Leaders Demonstrate Resilience
NEW YORK--(BUSINESS WIRE)--Middle market business leaders remain resilient despite economic uncertainty, according to J.P. Morgan's 2025 Business Leaders Outlook Pulse Survey released today. Compared with the start of the year, optimism for the national economy fell by more than half, dropping from 65% as reported in January, to 32% in June. In line with these findings, there was an increase in recession expectations among business leaders: 25% of respondents expect a recession in 2025, up from 8%. There are a number of external factors impacting business plans, with 44% of leaders reporting they delayed their plans to some extent. Among those reporting changes to their plans, top factors include: Policy uncertainty (74%) Market volatility (37%) Shifts in customer demand (37%) Geopolitical events (35%) Overall, the top three challenges facing companies are uncertain economic conditions (55%), tariffs (41%) and revenue and sales growth (41%). Despite the decline in economic optimism, confidence in individual business performance remains strong. Business leaders are resolute in their strategic planning, with many not altering their strategies despite external challenges. Forty percent of leaders report that they are not making any changes to their plans, and 14% have accelerated plans. The majority (85%) of respondents are projecting steady to increased company performance through the end of the year. Additional performance expectations include: 78% expect revenue and sales to increase or remain the same 73% expect profits to increase or remain the same 37% plan to increase headcount, while 45% plan to keep headcount the same 'Businesses are operating with caution in the current environment,' said Matt Sable, Co-Head of J.P. Morgan Commercial Banking. 'Leaders are recalibrating where necessary to ensure they can continue to deliver for their clients and communities, highlighting their resilience and determination.' Visit for more information on the 2025 Business Leaders Outlook Pulse Survey. Survey Methodology J.P. Morgan's Business Leaders Outlook Pulse Survey was conducted online from June 4-18, 2025 for middle market businesses (annual revenues between $20 million and $500 million). In total, 718 U.S. business owners and leaders across various industries participated in the survey. The results of this online survey are within statistical parameters for validity, and the error rate is plus or minus 3.7% and a 95% confidence level. About JPMorganChase JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ('U.S.'), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $351 billion in stockholders' equity as of March 31, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at
Reuters
07-02-2025
- Business
- Reuters
JPMorgan appoints co-heads of commercial banking Sable and Smith
NEW YORK, Feb 7 (Reuters) - JPMorgan Chase (JPM.N), opens new tab appointed Matt Sable and Melissa Smith as co-heads of commercial banking, the largest U.S. lender said on Friday, as it continues to reorganize the unit. The move follows a broader leadership reshuffle last month in which Jennifer Piepszak was named as chief operating officer to succeed Daniel Pinto. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
