The performance of the initial public offering market appears to be in the eye of the beholder, as J.P. Morgan Chase & Co. said Tuesday the IPO market was "strong" during the third quarter, while Goldman Sachs Group Inc. said it has seen a "significant decline." J.P. Morgan said equity underwriting income rose 22% from a year ago to $514 million, with Chief Financial Officer Jennifer Piepszak saying on the post-earnings conference call that growth was driven by "strong performance in IPOs and convertibles," as the bank ranked "number one in wallet share for overall and IPOs."