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JPMorgan Lowers Q4 Earnings Outlook for Major Brokerage Firms

CRE Daily · ·by G4L

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  1. 1JPMorgan analysts lowered the Q4 investment sales and mortgage origination revenue growth forecast for major brokerages to 10% flat year-over-year.
  2. 2Newmark's CFO warned of a possible 20% to 30% decrease in Newmark's industry transaction volume in 2027 if interest rate volatility persists.
  3. 3CBRE's CEO said capital returns are rising, contracted deals are being renegotiated, and some expected sales are shifting to refinancings.

So what's the key point?

JPMorgan lowered the Q4 revenue growth forecast for major brokerages to 10%. Newmark warned that transaction volumes could decrease, and CBRE noted that contract details are changing.

Source CRE Daily · View original ↗

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