The 8.3% boost in compensation – after JPMorgan reported record profit – puts Dimon’s pay on par with that of Goldman Sachs CEO David Solomon.
Pent-up demand for mergers and acquisitions, particularly among private equity firms, is poised to spur a surge in deal activity, Morgan Stanley Chief Executive Officer Ted Pick said.
The CEO also said he is ‘bullish’ on the potential for stock sales, including initial public offerings in 2025.
Morgan Stanley is raising bonuses for some of its top investment bankers in Asia by as much as 40% this year after a jump in revenue, according to people familiar with the matter.
Morgan Stanley raised the firm’s price target on JPMorgan (JPM) to $273 from $265 and keeps an Equal Weight rating on the shares. Q4 EPS beat
The policy brings JPMorgan Chase in line with other major financial institutions, such as Goldman Sachs and Morgan Stanley, which have also mandated employees return to the office. In contrast, competitors like Bank of America and Comerica continue to offer hybrid work schedules.
JPMorgan Chase (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) report on Wednesday, while Bank of America (BAC) and Morgan Stanley (MS) release results on Thursday. RBC Capital markets analyst Gerard Cassidy joins Seana Smith and Brad Smith to discuss what investors can expect from Big Bank earnings.
The country’s biggest banks ended the year with big profits. Worries remain. JPMorgan Chase, Goldman Sachs, Morgan Stanley and others all reported strong results in their latest quarters, with many executives optimistic about a flurry of deal-making in the new Trump administration.
Bank of America and Morgan Stanley are next up in a series of bank earnings reports due out this week. The firms report fourth-quarter results on Thursday morning. Their competitors—JPMorgan Chase, Wells Fargo,
There’s a lesson here for long-term leaders: When the time comes, let go. James Gorman at Morgan Stanley has definitely learned it; Jamie Dimon and the board of JPMorgan Chase & Co. should reflect on it over the next couple of years.
U.S. bank JPMorgan Chase on Friday asked its employees who are on hybrid work schedules to return to the office five days a week starting in March, an internal memo seen by Reuters showed, prompting hundreds of staff comments, including complaints.
Morgan Stanley is raising bonuses for some of its top investment bankers in Asia by as much as 40% this year after a jump in revenue, according to people familiar with the matter.