Tag Archives: Wells Fargo

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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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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Which San Francisco CEOs are taking home the most money?

At San Francisco’s biggest companies, most CEOs make many times more than the median employee. Sophie D’Amato/The Chronicle Charles Scharf, the CEO of San Francisco’s largest publicly traded company Wells Fargo, made $24.6 million in 2022. That was 324 times more than the median employee at the company, who made $76,000. Those numbers come from the AFL-CIO Executive Paywatch database, which …

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