Deals and IPOs

Market ripe for M&A, says JPMorgan exec

Jimmy Lee: Activism important to M&A
Jimmy Lee: Activism important to M&A

The environment for mergers and acquisitions is as strong as it's ever been, a top JPMorgan Chase banker with nearly 40 years of experience on Wall Street told CNBC on Thursday.

Read MoreWhat's M&A? CNBC Explains

"I think it's going to continue to be a place where companies can achieve some growth objectives," James B. Lee Jr., vice chairman of JPMorgan, said on "Squawk on the Street."

"If you're a CEO and you've been thinking about, contemplating doing a deal over the last couple years, I mean, I don't remember a better time to do a deal."

JPM's Jimmy Lee: Alibaba long-term thinkers
JPM's Jimmy Lee: Alibaba long-term thinkers

Meanwhile, Lee said he's pleased with JPMorgan's handling of Alibaba Group's offering last month. As with any large-scale IPO, it was a challenge to "get the price right," he said.

But together with Alibaba vice chairman Joe Tsai, the firm went through each of the roughly 1,700 accounts, he said. In the end, the work paid off as Alibaba's stock debuted at about $92 a share and has since hovered around that level.

Separately, JPMorgan Chase Chairman and CEO Jamie Dimon is faring well in his battle with throat cancer, Lee said.

Dimon is "doing better every day" and "getting stronger every day," even as he attempts he strike a balance between his work and recovery, Lee said.