IS JPMorganChase the next king of Wall Street?ST
Obviously they have strengthened the institutional side of their business during the credit crisis as well as become the largest commercial bank by deposits. I don't know how many so called "rainmakers" JPMorgan has, but I wonder how they will be viewed going forward? Will they supplant Goldman as the next titan of Wall Street?
I feel Goldman's prestige has taken a hit this week when you look at the desperation they showed in the deal they gave Buffet.