Tag Archives: investment banking

Investment banking gives Wells Fargo, JPMorgan Chase earnings boosts

JPMorgan Chase CFO Jeremy Barnum said on the company’s first-quarter earnings call Friday that the bank had seen good momentum in investment banking, but was still cautious going forward. JPMorgan Chase has started to break out of the investment banking slump that hit the entire industry last year, though it continues to wait out a merger-and-acquisition market that remains largely …

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Citigroup’s Q1 Revenue Dips Slightly, But Investment Banking and Personal Finance Shine

Citigroup’s Q1 Revenue Dips Slightly, But Investment Banking and Personal Finance Shine Citigroup Inc C reported a first-quarter fiscal 2024 revenue decline of 2% year-over-year to $21.10 billion, beating the consensus of $20.39 billion. GAAP EPS of $1.58 beat the consensus of $1.20. Net credit losses for the fourth quarter were $2.30 billion, up 77% year-over-year. Services revenue grew 8% year over year …

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D.A. Davidson Names Eric Stetler as Head of M&A, Investment Banking

Eric Stetler, Managing Director at D.A. Davidson, will now lead Mergers and Acquisitions for D.A. Davidson Investment Banking in addition to his Machinery & Equipment sector coverage. (Photo: Business Wire) Eric Stetler will now lead Mergers and Acquisitions for D.A. Davidson Investment Banking in addition to his Machinery & Equipment sector coverage. CHICAGO, April 10, 2024–(BUSINESS WIRE)–D.A. Davidson & Co. …

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Barclays and Citgroup to cut jobs from investment bank unit

Barclays will cut several hundreds of jobs in the coming months.Image: Olivia Harris (Reuters) Barclays and Citigroup are set to cut jobs from their investment bank divisions, people familiar with the cuts told Bloomberg on Wednesday. These cuts follow follow a spate of similar layoffs across other big banks. Is it too late to invest in Nvidia? | Smart Investing …

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