The company took more than $1.2 billion in advisory fees for the first nine months of 2009, reports Bloomberg.
It is the first time since 2000 that JPMorgan Chase has outperformed Goldman Sachs in the sector.
Alan Villalon, a senior research analyst at FAF Advisors, told Bloomberg the investment bank now had the opportunity to build upon its success.
"All the relationships they get from those platforms are going to prove to be huge opportunities for them," he said.
Earlier this month, JPMorgan Chase reported a profit of $3.6 billion for the third quarter of the year.
The figure was more than six times the amount it made in the same period of 2008.
Jamie Dimon, chief executive officer and chairman at JPMorgan Chase, said the results were positive but urged caution over the prospects for the economy.
By Claire Archer