Overview & ContextInvestment banking—the engine of Wall Street advisory revenue—is enduring its bleakest streak since at least 2014. For the 14th consecutive quarter, it is contributing less than 25 percent of total revenues at the five largest U.S. banks: JPMorgan, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley. During the same period, trading revenue has…
Bitcoin mining firms just received a historic valuation anchor. According to JPMorgan analysts, the CoreWeave acquisition of Core Scientific establishes a new floor valuation for publicly traded Bitcoin miners—even if the deal is a one-off transaction. This milestone could redefine how institutional investors assess the sector. 🔍 Key Highlights 🌐 Broader Outlook 📌 Takeaway for…
🏦 JPMorgan Warns Analysts: Accepting Future-Dated Job Offers Will Lead to Termination JPMorgan Chase has issued a stern warning to its incoming investment banking analysts: accepting future-dated job offers from other firms within the first 18 months of employment will result in immediate termination. This new policy aims to curb the growing trend of early…
