Morgan Stanley became the latest Wall Street bank to report that higher fees from investment banking had helped to pick up some of the slack from a slowdown in trading as it posted an increase in revenues and profits for the second quarter. The results, which were ahead of analysts’ […]
Banking And Investment
Stellar Investment Banking to Aid JPMorgan (JPM) Q2 Earnings
Investment banking (“IB”) fees, one of the main sources of revenues for JPMorgan JPM, is expected to have witnessed a significant rise in second-quarter 2021 on the back of active M&A market as well as solid client activity in equities and debt capital markets. This is likely to provide much […]
Decent Investment Banking to Support BofA (BAC) Q2 Earnings
Performance of investment banking (“IB”) business, one of the key revenue sources of Bank of America BAC, is likely to have been decent in second-quarter 2021. This is, thus, expected to provide some support to the bank’s results, slated to be announced on Jul 14. IB fees mainly comprises advisory […]
Fintechs Are Taking Over the Banking Industry
Scott Galloway is a bestselling author and professor of marketing at NYU Stern. The following is a recent blog post, republished with permission, that originally ran on his blog, “No Mercy / No Malice.” In it, Galloway explains how and why fintechs are taking over banking, investing, and crypto. See […]
Banking on Green: A Green, Resilient Recovery Needs National Green Investment Banks
This blog was co-authored with Angela Whitney, Manager Climate Aligned Industries, RMI In a pivotal year for sustainable development and climate action, world leaders would do well to turn to the proven solutions of the green bank model. The climate crisis may be felt more slowly than the overwhelming immediacy of […]
Top 20 MEA banks by market cap, Q2’21
Saudi Arabia’s Al Rajhi Banking & Investment Corp. topped the list of the 20 largest banks by market capitalization in the Middle East and Africa as of June 30, with a market cap of $73.99 billion, S&P Global Market Intelligence data shows. S&P Global Ratings recently revised the outlook on […]
Here’s Why We Think Al Rajhi Banking and Investment (TADAWUL:1120) Is Well Worth Watching
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it completely lacks a track record of revenue and profit. And in their study titled Who Falls Prey to the Wolf of Wall Street?’ […]
Oppenheimer & Co. Inc. Further Expands Technology, Media And Communications Investment Banking Group With Appointment Of Maxwell Gover As Managing Director
NEW YORK, July 6, 2021 /PRNewswire/ — Oppenheimer & Co. Inc. (“Oppenheimer”), a leading investment bank, wealth manager and a subsidiary of Oppenheimer Holdings (NYSE: OPY), today announced the expansion of its Global Technology Investment Banking Group with the appointment of senior banker Maxwell Gover as a Managing Director. Mr. Gover’s […]
Wall St. bellwether Jefferies reports record Q2, led by investment banking
Banking bellwether Jefferies (JEF) delivered record second-quarter earnings results on Monday after the closing bell, led by continued strength in investment banking. For the second quarter ended May 31, Jefferies Group posted total revenues of nearly $1.62 billion, up 56% from the $1.03 billion reported a year ago, a record […]
Salesforce Expands Its Financial Services Offerings for Corporate and Investment Banking
SAN FRANCISCO — June 9, 2021 — Salesforce (NYSE: CRM), the global leader in CRM, today announced Corporate and Investment Banking for Financial Services Cloud, new technology to help bankers and deal teams deepen relationships with clients, manage deal interactions on one platform and compliantly collaborate and share sensitive information […]
Deutsche Bank’s UK boss says she wants investment banking graduates in the office 5 days a week, even as the company moves to flexible working
Deutsche Bank UK and Ireland CEO Tiina Lee. Deutsche Bank Tiina Lee, Deutsche Bank’s UK CEO, told Insider she wants graduates in the office five days a week. The bank is adopting a hybrid work model that lets most employees work from home three days a week. Lee said graduates […]
Santander looks to muscle way into European investment banking
Santander aims to become a major force in the European Investment Bank, challenging the Wall Street powers that have come to dominate the industry. Ambition is a remarkable departure for Europe’s largest retailer, who has spent much of the past. 40 years Build a retail banking empire that spans 20 […]
D.A. Davidson to Scoop Up Investment Bank for Fintechs
Text size D.A. Davidson has 99 offices in 28 states. Poramate Cheewapat/Dreamstime D.A. Davidson Co said Monday that it agreed to buy Marlin & Associates, an investment bank known for advising middle-market businesses in the fintech, data, and analytics area. Financial terms weren’t announced. Founded in 2002, Marlin provides financial […]
JPMorgan foresees investment banking boom picking up earnings slack
JPMorgan Chase chief executive Jamie Dimon has predicted the bank is on track for one of its strongest quarters for dealmaking fees, helping compensate for anaemic loan growth and a slowdown in trading revenue. “Investment banking, it could be one of the best quarters we’ve ever seen,” Dimon said on […]