Managers of Wealth Americas

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

Exclusive-Goldman Sachs Planning New Medium-Term Profitability Targets Early Next Year -Sources

Still, the sources said executives understand that the favorable environment is likely to recede as the central bank tightens monetary policy.

TD Bank Group Reports Fourth Quarter and Fiscal 2021 Results

We are hopeful that recent progress to end the human and economic impacts of the COVID-19 pandemic will continue well into 2022.

RBC Capital Markets to hike associate bonuses as junior talent war continues

Bumper bonuses from the Canadian bank lay down the gauntlet for Wall Street rivals

Cowen buys M&A advisory firm Portico to beef up investment banking

Shares of Cowen were down 0.3% at $38.20 in early trading.

Lazard Forms Alliance With Independence Point Advisors

IPA provides investment banking services to clients with a modern approach, complementing Lazard’s M&A

Statement from Wells Fargo CEO Charlie Scharf

Congratulations to Chairman Powell and Dr. Brainard on their nominations as Chair and Vice Chair of the Federal Reserve

Houlihan Lokey Launches the Private Performing Credit Index, the First Index to Track Performing Private Credit Loans

The Index comprises an aggregate view drawn from Houlihan Lokey’s extensive dataset of private credit loan valuations.

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