JPMorgan (JPM) leads global tech banking as early-stage startup strategy gains share

JPMorgan Chase (JPM) ranked No. 1 in global technology investment banking in the first quarter of 2026, surpassing Goldman Sachs (GS), as its early-stage startup banking strategy drove mandates across underwriting, lending and M&A, Reuters reported May 14, 2026. The bank captured 16.7% of total tech investment banking fees in the quarter, according to LSEG. Technology deals accounted for 22% of JPMorgan’s $3.2 billion in first-quarter investment banking fee revenue. JPMorgan now has more than 550 bankers covering innovation-economy clients globally, including 200 hired since 2023, and works with more than 11,000 startups and high-growth companies in 40 countries. Recent mandates include Pattern Group’s $300 million IPO, DoorDash’s (DASH) $3.9 billion Deliveroo acquisition, Palo Alto Networks’ (PANW) roughly $25 billion CyberArk deal, Salesforce’s (CRM) $8 billion Informatica purchase and Voyager Technologies’ $383 million IPO. JPMorgan also reshuffled investment banking leadership on May 13, 2026, after losing three global technology banking heads in 2025.