Managers of Wealth Americas

Salomon Brothers Alumni Tap Storied Firm’s Legacy in Revival

Investment bank targets New York State middle-market firms

RayJay Draws $502M Practice from Wells Fargo

The move to Raymond James and our clients’ response validates the path we are on

Bank of America lays out the 10 key investing themes its vast team of strategists and economists are watching closely

Fortunately, that is exactly what the bank has done. Its team has picked out the 10 key investing themes that have been identified across the firm.

Santander pledges profitability growth after earnings beat

The bank also signaled it's done strengthening capital buffers after rebounding from steep losses two years ago at the onset of the pandemic.

Citi ties more banker bonuses to longer-term risk taking

Senior bankers at Wall Street peers often receive 40% to 50% of bonus payments in deferred equity, according to dealmakers contacted by Financial News.

Bank of America to Give Employees Stock Awards -Memo

The awards will go out to eligible bank employees earning annual total compensation of $500,000 or less.

BNY Mellon Q4 Earnings Beat, Revenues & Costs Rise Y/Y

Net income applicable to common shareholders was $3.55 billion, up 4% year over year.

Goldman Sachs profit drops below Wall Street expectations

Goldman notches record year-end results but Q4 profit misses targets and shares fall.

Insider Insights: For Investment Bankers, Pay Soars Along With Hours

Investment banks are having a harder time holding on to analysts who often work 80 or more hours a week at some places.

Morgan Stanley's quarterly profit beats on wealth management, M&A boom

League tables rank financial service firms based on the amount of investment banking advisory fees they generate.

Goldman Sachs profit misses estimates on weak equity trading

Goldman's trading unit reported a lower profit in the fourth quarter compared to a year earlier as a more stable economy resulted in fewer swings in financial markets.

Wells Fargo Reports Fourth Quarter 2021 Financial Results

The financial results are available online

Citi To Exit Mexican Consumer Banking Business

In the first three quarters of 2021, the businesses Citi intends to exit together accounted for about $3.5 billion in revenue, $1.2 billion in earnings before tax, Citi said in a statement.

Growth Grid: 60% of Merrill Brokers Scored Higher Payouts in 2021

“Merrill advisors enter this year with tremendous momentum, having achieved best ever growth grid results in 2021, and many having had their best year ever,”

Morgan Stanley Increases Stake in China Brokerage Unit

Thus far, eight international banks have become majority shareholders of their brokerage joint ventures.

Former Bear Stearns chief James Cayne dies aged 87

Bear Stearns, the smallest and most leveraged of the top banks in crisis, has earned a reputation as a vulnerable person on Wall Street.

Goldman, JPMorgan Plan Bumper Payout for Investment Bankers After Deal-Making Boom

Compensation firm Johnson Associates Inc said last month that bonuses for Wall Street staffers were expected to be at their highest this year since 2009, with investment bankers and equities traders in line for the biggest payouts.

Three Texas Advisor Teams Join Raymond James From Wells Fargo, LPL

The teams cumulatively manage more than $560 million in assets and are based throughout the Lone Star State.

JPMorgan Sees Investment-Banking Fees Up 35% in Fourth Quarter

On the trading side, results in the current period will likely be down about 10%, Pinto said, noting that the fourth quarter of last year was the unit’s best in history.

Bank of America will keep adding dealmakers amid fee surge, CEO Moynihan says

Banks have been battling for top dealmakers as fees have soared

Investment Banking