Structured notes sales at the largest US issuer for the first nine months has reached 77% of its record sales in 2024 after activities recovered from April sell-off.

J.P. Morgan has booked US$5.4 billion in structured notes sales through its registration shelf with the US Securities and Exchange Commission (SEC) for Q3 2025, a 4.4% decline year-on-year, but a 25.7% rebound from the previous quarter when the market was hit hard on ‘Literation Day’.  That volume represents a 13% market share, enabling J.P. Morgan to keep its crown in the issuers’ league table during the quarter despite a fall from 14.8 % seen in 2024 , SRP data shows.&n