Managers of Wealth Americas

Goldman Sachs Q3 Earnings: Investment Banking Fees Surges 20%, Asset & Wealth Management Up 16%, But Fixed Income Falters

Asset & Wealth Management revenue was $3.75 billion for the third quarter of 2024, 16% higher than last year.

Wall Street banks boosted by deal fees as Fed rate cuts, buoyant markets stoke confidence

Bankers are growing optimistic Federal Reserve and other central bank rate cuts in coming months will boost the pipeline of deals as borrowing becomes cheaper.

Goldman Sachs profit beats estimates as bond sales boost investment banking

Equity underwriting also fetched higher revenue, thanks to a slew of secondary share sales.

Maybe Bank of America must start hiring banking MDs again?

Debt capital markets bankers underperformed too, but by less.

Citigroup profit beats estimates on investment banking surge

The bank has "always been strong in debt capital markets"

Goldman Sachs’ ex-investment bank head explains why Citadel Securities is special. Anand Selva’s score at Citi

All the things which will one day become annoying seem interesting and cute.

JP Morgan to bolster community presence with planned hiring spree in US

They will be tasked with hosting financial health workshops on topics such as budgeting, credit and savings, and acting as financial educators to the communities they serve.

Wall Street just got another sign that dealmaking is on its way back

Big banks reaped higher profits from a recovery in M&A, IPOs, and debt underwriting over the first half of 2024.

Bank of America chief Brian Moynihan raises eyebrows by taking on chancellor role for Corporation of Brown University

Those eyebrows got even wider when Brown took idiotic wokeness to new levels.

Banks Ready to Forget Pain of Hung Debt Go Big on Buyout Funding

Undaunted, large banks are once again making aggressive moves.

JPMorgan Aims to Expand in Africa and Scandinavia

And a report Wednesday from Reuters notes that CEO Jamie Dimon plans to travel to Kenya, Nigeria, South Africa and Ivory Coast next month to boost the bank’s expansion in Africa.

Chase, Bank of America crack down on startling workplace trend

The Journal revealed that Chase, in most cases, will cap work hours for its junior investment bankers to 80 hours a week.

JPMorgan expands Morgan Money platform with new treasury and cash management capabilities

It's important that we provide our customers with the best resources available to conduct trades efficiently while providing exceptional client service

JPMorgan seems to be having trouble hiring generative AI professionals

It's since posted another similar listing in London, and at the start of August, JPMorgan opened another VP vacancy in the CDAO in New York, paying a salary of up to $260k.

Piper Sandler Completes Acquisition of Aviditi Advisors

Aviditi Advisors will operate as Piper Sandler’s private capital advisory group.

European banks’ US fee share shrinks to 11% ahead of Wall Street hiring push

EU lenders’ cut of the Wall Street dealmaking pie has nearly halved over 10 years

JPMorgan American Investment lifts dividend and outperforms benchmark

The trust attributed this outperformance to its portfolio weighting towards large-cap holdings, particularly in the IT sector, which accounted for 94% of assets.

FE International Establishes Investment Banking Broker-Dealer Offering Public M&A Advisory and Private Placement Services

The FE International family of companies includes our award-winning M&A business

Citigroup lifts EU bonus cap for top London bankers, aligning with Wall Street rivals

In response to the EU's bonus restrictions, Citi and other banks had implemented role-based allowances

Scotiabank expands US footprint with strategic $2.8bn investment

Scotiabank's investment in KeyCorp expands its North American presence with a 14.9% ownership stake