JPMorgan has quite a battle on its hand ahead of its annual shareholder meeting, where its embattled board and top executives will square off. To add a bit of fuel to the fire, analyst Mike Mayo, after meeting with the bank's CFO, has just weighed in with a report to clients that lumps JPMorgan in the "underperform" category.
Big U.S. investment banks have taken some lumps since the financial crisis. But so have banks from other countries. Now that the dust has settled a bit, it's clear that U.S. banks have fared...
How the mighty have fallen.
If you're a woman executive in investment banking, you've got an uphill challenge when it comes to proving you're up to the job. That's unfair of course, but all will agree that the industry historically has been the province of men.
In yet another sign that the merger advisory market has slowed, Lazard reported that net income fell 40 percent to $15.4 million, or $0.12 a share, from $25.6 million, or $0.20 a share a year ago. Excluding some one-time items, earnings were $0.28 a share fully diluted, compared with the consensus estimate of $0.31.
In the wake of first quarter earnings, what can we say about the top banks?
Lots of big banks have decided to rebalance their revenue contributors for the future, eschewing capital markets activity to a degree, while building up in wealth management and asset management. UBS...
As the old cliché goes, you can't fight City Hall. But can City Hall fight an investment bank, and is it worth it to pick that fight?
Morgan Stanley and Goldman Sachs are both having to grapple with the fact that their eager, fresh hires are in demand.
An anonymous managing director, who happens to also be a talented blogger, offers an interesting and quite entertaining look at the various stages of career advancement at an investment bank.