Wall Street is surging again. This time, bank executives say it’s for real. Bank of America (BAC), Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and JPMorgan Chase (JPM) all reported first-quarter jumps in investment banking. They did so because initial public offerings, bond issuances and in some cases M&A deal making beat analyst expectations.
TAMPA, Fla. — It is becoming more difficult for young space companies to close growth-stage funding rounds amid increasing investor scrutiny, according to an April 9 panel of investment bankers and equity analysts. The poor trading performance of early-stage space companies listed on the stock exchange in recent years, coupled with the end of cheap capital
Citigroup C shares have been star performers lately, with the stock not only handily outperforming the S&P 500 index this year (+19.8% vs. +6.3%) but also leading JPMorgan JPM (up +16.1%) and Wells Fargo WFC (up +16.7%). Citigroup’s performance lead over its peers extends further if we go back a few months, say to the
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
The market has rallied impressively over the past several months, with the S&P 500 index reaching all-time highs that confirm a new bull market is underway in stocks. With this recent rally, some stock valuations may be stretched, making it harder to find deals. Good news for you: There are still plenty of deals to
Citigroup will expand its wealth management business in the Greater Bay Area and rest of Asia from its base in Hong Kong, according to its global wealth head. The US banking group remains committed to Hong Kong and China despite selling its mainland wealth business to HSBC in October, Andy Sieg said after visiting a
Citigroup has hired JPMorgan Chase’s Viswas Raghavan (left) as its head of banking. Filippo Gori (top right) and Doug Petno (bottom right) have been named co-heads of investment banking and are splitting Raghavan’s former duties at JPMorgan. Citigroup has lured a high-ranking executive away from JPMorgan Chase to head up one of its five core business lines,